Contents tagged with Euroclear
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Euroclear reports €6.9 billion in interest from frozen Russian assets, allocates €2 billion to support Ukraine
Belgium-based Euroclear has announced that it earned €6.9 billion in interest income from frozen Russian assets in 2024, a €2.5 billion increase from the previous year. The figures are detailed in their report released on February 5th. Of the total income, €5.39 billion is tied to the Bank of Russia's assets, while €1.5 billion is linked to other Russia-related assets.
According to the report, Ukraine is set to receive approximately €2 billion from this amount in March. Following a 10% …
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Euroclear to channel €1.55 billion from blocked Russian assets to Ukraine
Euroclear, the international securities depository, has announced it will contribute approximately €1.55 billion to the European fund for Ukraine from investments of blocked Russian assets by July this year.
According to Euroclear's report released on Friday,July 19th, for the first half of 2024, Euroclear realised €3.4 billion in interest income from investing these frozen Russian assets, compared to roughly €4.4 billion in 2023 and €821 million in 2022.
Euroclear's overall interest income …