EU discloses profits from frozen Russian assets ...News

The G7 has reportedly ruled out the total confiscation of the funds EU clearinghouse Euroclear accrued €1.6 billion ($1.7 billion) in interest from frozen Russian assets in just three months of this year, its CEO Valerie Urbain has revealed. She warned however, that tapping the funds would have a severe impact on global financial markets.    The EU is expected to make a decision granting Kiev €2-3 billion in revenue generated by the Russian assets “in the coming weeks,” Urbain said in an interview with the Belgian news outlet L’Echo. Brussels previously suggested seizing the profits to buy weapons for Ukraine rat

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