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funds

EU summit debates frozen Russian funds as Ukraine’s financial clock ticks
Global Affairs

EU summit debates frozen Russian funds as Ukraine’s financial clock ticks

The EU holds roughly €210bn (£185bn; $245bn) of Russian money, with most controlled by Euroclear, a Belgium-based financial institution. Belgium, along with several other member states, has voiced opposition to releasing the funds directly. So far, only the interest earned from these assets has been passed on to Ukraine.

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