US EditionEurope to hand billions in frozen Russian cash to Western investors, sources say
- Euroclear, a Belgian-based clearinghouse operating out of Luxembourg, intends to allocate approximately €3 billion from Russian assets currently frozen under EU sanctions to reimburse Western investors starting in 2025.
- This redistribution follows Russia's 2022 invasion of Ukraine and comes after the European Union modified its sanctions policies toward the end of last year to permit such payments amid growing asset seizures.
- Euroclear holds over €180 billion of sanctioned Russian assets, while Moscow has seized around €3 billion of Western investor cash within Russia as retaliation.
- In March, Euroclear obtained approval from Belgian regulators to release the funds, and on April 1, the company informed clients that these payments would be made available.
- The move marks a new level of financial reprisal by Europe but draws criticism, with sanctions expert Jacob Kirkegaard calling it "morally reprehensible" to seize Russian assets for Western investors.
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Total News Sources21
Leaning Left4Leaning Right1Center5Last UpdatedBias Distribution50% Center
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