Euroclear to transfer about 2 bln euro incomes from immobilized Russian assets to Ukraine Facility in March

MOSCOW. Feb 5 (Interfax) - The Euroclear international depository plans the second transfer of about 2 billion euros to Europe's Ukraine Facility in March 2025, the company said in a statement.

The first transfer of around 1.55 billion euros was accomplished in July 2024.

Euroclear received 6.9 billion euros in interest income from investing immobilized Russian assets at the end of 2024. The income stood at roughly 4.4 billion euros in 2023 and 821 million in 2022.

The company will pay 1.7 billion euros as taxes on income received from Russian assets in 2024.

Thus, Euroclear net profit from immobilized assets of the Russian Central Bank amounted to 5.2 billion euros in 2024.

At the end of 2024, Euroclear's balance sheet stood at 212 billion euros, of which 183 billion euros relate to Russian assets under sanctions.

Kremlin spokesman Dmitry Peskov told the press previously that Russia considers the transfer of revenue from immobilized Russian assets to Kiev to be theft and a reason to start litigation.