EU reveals profit from frozen Russian assets ...News

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EU reveals profit from frozen Russian assets
Nearly $2 billion in interest was generated between January and June, Euroclear has said Major EU clearing house, Belgium-based Euroclear, has revealed that it accrued nearly $2 billion in profit from frozen Russian assets in the first half of 2023. In financial results for the first six months of this year, Euroclear reported “a substantial growth in operating income” driven partly by “higher interest earnings, including a material rise linked to the application of international sanctions on Russia.” According to data published by Euroclear on Thursday, Russian assets generated more than €1.7 billion ($1.9 billio

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