Roughly half of Euroclear’s earnings in 2022 came from interest on funds that belong to Russians The EU’s major securities transactions company, Euroclear, reported a record-high net profit in its 2022 earnings report on Wednesday. According to the company, its earnings amounted to €1.2 billion ($1.3 billion), a 162% increase against the previous year. It noted that €597 million ($641 million) or roughly a half of those earnings came from operations with Russian assets that have been frozen under EU sanctions against Moscow. The Belgium-based firm settles and clears securities trades carried out on European exchan
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