Euroclear’s income from frozen Russian assets dropped by 21% in the first half of 2025.

The Euroclear financial group, which includes the depository of the same name and Euroclear Bank, earned €2.7B from Russian assets frozen due to EU sanctions during this period. This is 21% less than in the same period of 2024. In the first quarter, frozen Russian assets generated about €1.47B, and in the second quarter, €1.23B.

It is noted that interest income from frozen Russian assets decreased due to gradually falling interest rates in the region. Looking ahead, Euroclear expects interest income to fluctuate based on future changes in the European Central Bank’s interest rates. In line with EU requirements, the Euroclear group has set aside €1.8B as unforeseen income for the first half of the year, of which €1.6B will be paid to the European Commission in July 2025.

As of the end of June 2025, Euroclear Bank’s balance sheet totaled €229B, with €194B related to Russian assets that are currently blocked by sanctions. As of the end of March 2025, the bank held frozen Russian assets valued at €195B.