Revenue earned by Euroclear from frozen Russian assets falls 25% to 3.9 mln euros in 9M

MOSCOW. Oct 24 (Interfax) - The revenue earned by European depositary Euroclear as interest on its investments in frozen Russian assets fell 25% year-on-year to 3.9 billion euros in the first three quarters of 2025, the company said in a report.

Euroclear said that this decrease was due to a gradual decline in interest rates.

In the first half of 2025, frozen Russian assets earned Euroclear 2.7 billion euros, versus 6.9 billion euros in 2024, 4.4 billion euros in 2023 and 821 million euros in 2022.

In accordance with the requirements of an EU Council regulation concerning unexpected and extraordinary revenues, Euroclear allocated 2.6 billion euros from this revenue for 2025, of which it paid 1.6 billion euros to the European Commission in July 2025. It expects to make the second payment for 2025 at the beginning of 2026.

Euroclear estimates direct expenditure due to sanctions and countermeasures at 82 million euros in 9M 2025 and 25 million euros due to lost business revenue.

At the end of September 2025, Euroclear's balance amounted to 227 billion euros, of which sanctioned Russian assets made up 193 billion.