Euroclear transfers €6.6 billion from Russian assets to Ukraine

Belgium-based financial services company Euroclear has transferred €6.6 billion in income generated from frozen Russian assets to support Ukraine, according to its quarterly report published on its website.

“Since February 15, 2024, to date, Euroclear has transferred €6.6 billion in income from assets to the European fund for Ukraine,” the report states.

The company indicated that a further €1.4 billion payment is scheduled to be sent to Kyiv in July 2026.

According to Euroclear’s first-quarter 2026 report, interest income from frozen Russian assets amounted to €1.1 billion, marking a 23% decrease compared with the same period in 2025. In line with European Union regulations, €744 million was set aside during the reporting period for transfer to a fund supporting Ukraine. The decline in income was attributed to falling interest rates.

Following the start of Russia’s military invasion of Ukraine, the EU and the Group of Seven countries froze approximately €300 billion in Russia’s foreign exchange reserves. Euroclear currently manages around €185 billion of those Russian assets.

Separately, on May 8, Politico reported, citing European diplomats and officials, that the EU plans to revisit the issue of using Russian assets in support of Ukraine before the end of the year. According to the report, the Netherlands raised the matter.

By Tamilla Hasanova