EU Plan for Russian Assets Could Raise Borrowing Costs, Bank Warns

A leading financial firm has warned the European Union that its plan to use frozen Russian assets could increase government borrowing costs. Euroclear, which holds the assets, cautioned that using them as collateral for €140 billion in loans to Ukraine might spook investors. The EU proposal aims to use the immobilized Russian state assets to support Ukraine. However, the warning suggests that repurposing these funds could be seen as a financial risk. This perception may force EU member states to pay more to borrow money. In other news, Japanese beverage company Asahi reported a major data breach. The cyber attack leaked the personal information of over 1.5 million individuals. Additionally, a recent analysis details the current cost of preparing a Thanksgiving dinner in the United States.