According to figures published on Wednesday morning, the amount of interest accrued on the frozen Russian assets held at Euroclear in Brussels fall by 26% to 5 billion euro last year. The figure appears in Euroclear’s annual results for 2025.
26% fall in interest accrued on frozen Russian assts held at Euroclear in Brussels
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Brussels-based Euroclear has been in the international spotlight in recent months due to the debate between EU leaders about whether to use Russian funds frozen at banks and financial institutions in EU countries to help Ukraine. The Belgian Prime Minister Bart De Wever (Flemish nationalist) opposed the idea and it was eventually dropped in favour of raising 90 billion euros through a joint EU loan.
Euroclear’s chief executive Valerie Urbain welcomed that decision, adding that her company would continue to work closely with European governments to ensure that sanctions protect financial stability and the rule of law.
The Belgian state holds a stake of around 12% of the shares in Euroclear. Other shareholders include banks and public bodies. Euroclear processes major financial transactions for investors, institutions and governments. It describes itself as the “financial world’s notary”.
Russian cash, shares and bonds held at Euroclear have been frozen since the invasion of Ukraine under the conditions of the package of international sanctions that were imposed on Russia. The interest and dividends generated are placed in an account and reinvested, with most of the money going to the EU’s Ukraine support fund. For the 2025 financial year, this contribution is expected to reach 3.3 billion euros.
In 2025, Euroclear reported a net profit of 1.112 billion euros, up from 1.038 billion euros the year before.