Euroclear transferred 6.6 billion euros from Russia's frozen assets to Ukraine
Harici.com.tr08.05.2026 17:14Author
Belgium-based custody organization Euroclear announced that it has transferred the revenue of 6.6 billion euros from Russia's frozen assets to the European fund established for Ukraine since February 15, 2024. In the quarterly report published by the institution, it was noted that a new payment of approximately 1.4 billion euros is planned to be made to Kiev in July 2026.
Belgium-based financial services and custodie organization Euroclear shared up-to-date data on the transfer process of revenues from Russia's frozen assets.
According to the quarterly report published on the official website of the institution, a total profit share of 6.6 billion euros from February 15, 2024 to date has been transferred to the European fund established for Ukraine.
In the details of the report, it was stated that the financial support calendar for the Kiev administration continues. Euroclear announced that a new payment of approximately 1.4 billion euros is envisaged to be made to Ukraine in the period of July 2026.
Financial results for the first quarter of 2026 showed that an interest income of 1.1 billion euros was obtained from frozen Russian assets. This figure marked a decrease of 23 percent compared to the same period of 2025.
The institution explained the main reason for the decline in question as the falling interest rates. In addition, within the framework of European Union (EU) regulations, it was noted that the amount of 744 million euros was allocated to be transferred to the Ukrainian support fund in the relevant period.
After the military operation launched by Russia in Ukraine, the European Union and G7 countries decided to freeze Russia's gold and foreign exchange reserves worth about 300 billion euros.
Approximately 185 billion euros of these assets are managed by Euroclear. EU and G7 countries use the resulting nems to finance Kiev without touching the principal of these frozen sums.
The Russian side describes the freezing of assets and the use of income obtained as illegal. The Russian Ministry of Foreign Affairs evaluated that the European Union de facto divided these assets between Kiev and its own defense industry.
In the legal dimension of the process, the Central Bank of Russia filed a compensation lawsuit against Euroclear in the amount of 18 trillion rubles by applying to the Moscow Court of Arbitration at the end of last year.
The Central Bank reported that it suffered a loss due to the activities of the custody agency and the plans of the EU. Elvira Nabiullina, Governor of the Central Bank of Russia, stated that although Brussels changed some schemes, the case was not planned to withdraw.
Finally, on May 8, in the news that Politico based on European diplomats, it was stated that the EU aimed to bring the issue of using Russian assets in favor of Ukraine to the agenda again by the end of the year.
In the news, it was stated that the issue was brought to the table by the Netherlands and Brussels had previously been afraid of Moscow's possible retaliatory measures and legal risks.