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→Seizure of Russian assets
==Seizure of Russian assets==
==Seizure of Russian assets==
Three years into the [[NATO war in Ukraine]] the Belgium company Euroclear still held €258 billion ($300 billion USD) in frozen or immobilised Russian assets. Some of these assets belong to institutions not sanctioned by the [[European Union]]. Frozen assets amount to €65 billion, with an additional €193 billion in immobilised transactions, primarily from the Central Bank of Russia.
Three years into the [[NATO war in Ukraine]] the Belgium company [[Euroclear]] still held €258 billion ($300 billion USD) in frozen or immobilised Russian assets. Some of these assets belong to institutions not sanctioned by the [[European Union]]. Frozen assets amount to €65 billion, with an additional €193 billion in immobilised transactions, primarily from the Central Bank of Russia.
The EU has been confiscating the [[interest]], not the [[principal]], of that money to distribute it to [[Ukraine]]. That step is likely already [[illegal]] and [[Russia]] will use the courts to get it back. There has been talk of investing the Russian assets in junk bonds with aim of achieving a higher yield:<ref>https://meduza.io/en/news/2025/07/15/euroclearcalls-e-u-plan-to-invest-frozen-russian-assets-in-risky-securities-expropriation</ref>
The EU has been confiscating the [[interest]], not the [[principal]], of that money to distribute it to [[Ukraine]]. That step is likely already [[illegal]] and [[Russia]] will use the courts to get it back. There has been talk of investing the Russian assets in junk bonds with aim of achieving a higher yield:<ref>https://meduza.io/en/news/2025/07/15/euroclearcalls-e-u-plan-to-invest-frozen-russian-assets-in-risky-securities-expropriation</ref>