Euroclear's income from frozen Russian assets down 23% in Q1 to 1.1 bln euros

MOSCOW. May 8 (Interfax) - European depository Euroclear received 1.1 billion euros in interest income from investing blocked Russian assets in Q1 2026, down 23% compared to the same period last year, according to the company's report.

Euroclear explained this dynamic in terms of a decrease in interest rates.

For the full year 2025, this income amounted to 5 billion euros. In 2024 it stood at 6.9 billion euros, in 2023 at 4.4 billion euros, and in 2022 at 821 million euros.

A total of 744 million euros of income from frozen Russian assets accumulated in Q1 2026 will be directed to the European fund for Ukraine.

Euroclear estimates direct expenses in Q1 2026 caused by sanctions and retaliatory measures from Russia at 38 million euros, and lost business income at 9 million euros.

As of the end of March 2026, Euroclear's balance sheet amounted to 237 billion euros, of which 200 billion euros are attributable to Russian assets under sanctions.

According to Euroclear, it has so far transferred around 6.6 billion euros of income from frozen Russian assets to the European fund for Ukraine. The next payment, estimated at 1.4 billion euros, is expected in July 2026.