Eurozone rakes in profits from frozen Russian assets ...News

Russia Today - Economy
Eurozone rakes in profits from frozen Russian assets
source : Russia Today ( News ) () 15
Major European clearing house makes millions in interest from the seized funds One of the world’s largest financial securities transactions companies, Euroclear, has revealed that it has made a huge profit from Russian assets that have been frozen under sanctions. In the performance report for the first six months of the year, released on Monday, Euroclear stated that “As a result of sanctions imposed by the US, the EU and other jurisdictions… the cash on the balance sheet has increased as blocked coupon payments and redemptions accumulate.” The statement goes on to specify that “the interest income earned from fr

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