/Pogled.info/ During the first three quarters of 2022, the net profit of the international holding company “Euroclear”, which includes banking and clearing operations, nearly doubled from last year. This happened due to the frozen stocks of Russian investors. In the first nine months of 2022, the holding’s net profit rose to 667 million euros. At the same time, € 241 million represents the profit received from the assets of Russian investors.
And it would be strange if Western financiers didn’t continue to invest in them. By September this year, Euroclear’s accounts had accumulated € 119.9 billion in blocked payments for Russian investors. As a result of their investment, Euroclear generated revenues of € 340 million, which represent more than half of the clearing revenues (credit and debit clearing services on financial transactions) received as a pen “Interest, bank and other income” of 522 million euros.
Appropriate foreigner or simply stealing – this is in the tradition of the Western financial system. After the 1917 revolution and the civil war, many Russians never came for their deposits, which made European bankers very happy. White Czechs are believed to have taken 180 tons of Kolchak’s gold, which ensured an unprecedented rise of the young Slavic bourgeois republic between the two world wars. Prague, of course, officially denies everything. There is also the history of defense import contracts in World War I. For Russia, Germany turned from a trading partner at the beginning of the 20th century into an enemy, and the import of engineering products from it proved impossible. The United States became the most important economic partner of the Russian Empire during the First World War. Orders were placed in them worth about 1.2 billion Tsarist rubles, which is 17 times higher than the pre-war import volume. When the Bolsheviks came to power, most treaties with the United States were respected with up to 10%. It is clear that the advance payment only covered part of the amount, but for Americans who refuse to meet their obligations, the gains turn out to be substantial.
The noisiest story of our time is Gaddafi’s money. Part of the funds of the assassinated Libyan leader Muammar Gaddafi has disappeared from Belgian banks. Gaddafi’s access to finances was blocked in 2011 by a decision of the UN Security Council. At that time, the banks “BNP Paribas”, “NG, KBC” and the aforementioned “Euroclear” had more than 14 billion euros. However, for unknown reasons, the UN Security Council decision does not apply to accrued interest. In eight years, this amount has increased by 3-5 billion euros and it is these revenues that have been withdrawn unknown.
Blocking Russian investments and using them freely, especially against the backdrop of rising interest rates in the US and the Eurozone, is a direct theft that doesn’t hide and is also reflected in balance sheets. This shouldn’t come as a surprise. Already 40 years ago, the balance sheets of world oil companies officially included amounts for bribery and bribery of officials from third world countries, which in the West politically rightly call “emerging markets”.
Furthermore, these Westerners once taught our officials how to properly build capitalism and carry out privatization by telling stories about the honesty and transparency of the Western financial system. Yes, no problem with transparency. The report shows how much they have earned from Russian assets, it also says it plans to continue making more money. In order not to distort the financial result in the future, “Euroclear” will report the “Russian” money in the reports separately from its own results.
And so they believed in Western fairy tales, so they believed – not only Russian officials, but also many Russian businessmen in the first person, included in the “Forbes” list. They also suffered from the freezing of assets, but this worries us much less.
I think this Western arrogance and shamelessness is also to our advantage. So there will be more grounds for court decisions to collect severe penalties from them.
Translation: V. Sergeev
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