Ukraine & Iraq — Central Bank of Iraq

Ukraine: Ukraine is the intended beneficiary of the EU's plan to use Russia's frozen assets, which would provide a financial lifeline to cover its long-term budget shortfall and aid its war effort. The lawsuit by the Iraq — Central Bank of Iraq complicates this plan.

Iraq — Central Bank of Iraq: The Iraq — Central Bank of Iraq initiated legal proceedings against Euroclear to seek compensation for damages due to its inability to manage monetary assets and securities frozen under EU sanctions. This action is a direct response to the EU's plans to use these frozen assets to support Ukraine.

Ukraine: Ukraine is regularly striking Russia with drones, targeting energy infrastructure to deprive Russia of revenues and bring the war to an end. This action has prompted Russia to implement new defense measures for its financial institutions.

Iraq — Central Bank of Iraq: The Iraq — Central Bank of Iraq is now permitted to operate its own drone defense systems and arm its staff. This directly impacts its security protocols and operational costs, as it will handle the defense costs itself. One of its offices in Sevastopol was recently struck by a missile.

Ukraine: Ukraine>>> is a key participant in the proposed peace talks, with its president, Volodymyr Zelenskyy>>>, having the final say on any negotiation strategy. The country's recent successful long-range attacks on Russia>>>'s infrastructure have strengthened its negotiating position.

Iraq — Central Bank of Iraq: The Iraq — Central Bank of Iraq>>> has echoed concerns about the widening budget deficit due to military spending, contributing to the internal pressure on Russia>>>'s leadership.

Ukraine: Ukraine is the country for which the European Union is imposing sanctions on Russia, aiming to weaken Russia's ability to continue its war against Ukraine.

Iraq — Central Bank of Iraq: The Iraq — Central Bank of Iraq faces potential seizure of its assets held by Euroclear, as the European Union intends to keep Russian central bank assets immobilized until the war ends and reparations are paid to Ukraine.