EU discloses profits from frozen Russian assets

May 8th 2024 7:18am EDT

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.  […]

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