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GJGCA

(194 posts)

3. Some background: Euroclear in Belgium

Reply to GJGCA (Original post)

Wed Dec 3, 2025, 04:31 PM

Wednesday

Euroclear Bank has been under the spotlight since late February 2022 because it is where most reserves of the Bank of Russia are deposited, immobilized in the context of international sanctions during the Russo-Ukrainian War.

Euroclear holds about €200 billion of Russian central bank reserves. In March 2025, Euroclear was authorised by Belgium, its principal legal authority, to make payouts from the frozen assets. In 2024, interest from investing the frozen Russian funds came to €4 billion, which was earmarked to fund a G7 loan to Ukraine.

https://en.wikipedia.org/wiki/Euroclear

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Highlight:

EU proposes using frozen Russian assets or borrowing to give Ukraine 90 bln euros [View all] GJGCA Wednesday OP

Sounds good to me! Fla Dem Wednesday #1

Federalize SSJVegeta Wednesday #2

Some background: Euroclear in Belgium GJGCA Wednesday #3

Just don't let any part of the US financial system get near those funds. erronis Wednesday #4

What's this, "loan," business? Bayard Wednesday #5

Do it! Come on Belgium! SunSeeker Wednesday #6

Just do it. ananda Wednesday #7