Reducing Activities: company scaling back some business operations while continuing others

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Euroclear is a Belgium-based financial services company that specializes in the settlement of securities transactions, as well as the safekeeping and asset servicing of these securities. It was founded in 1968 as part of J.P. Morgan & Co. to settle trades on the then developing eurobond market.

 
 
 

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

The Belgian Ministry of Finance began to review refusals to unlock assets in Euroclear - this was achieved by a private investor with an EU residence permit and accounts in Switzerland. In the first half of the year, the Belgian bank Euroclear received 1.74 billion euros in profit from frozen Russian assets. Euroclear warns against G7 plan to backstop Ukraine debt with Russian assets. At the end of September 2024, the international depository Euroclear held Russian assets worth €176 billion. Income in January-September amounted to €5.15 billion. About €3.9 billion have been received from the reserves of the Central Bank of Russia since February 15. The Moscow Arbitration Court upheld Sberbank's claim against Belgium-based Euroclear Bank, awarding the bank $263.7 million, €49.7 million, and £4.4 million. The court also ordered the bank to pay approximately $67.8 million, €4.6 million, and approximately £678,000 in lost profits.

The Company Statement
October 26, 2023

Euroclear Bank already: does not accept any orders for ruble transfers; does not process ruble payments that are associated with such events as receipt of income from securities or funds from redeemed securities. Euroclear helps to block the resources of sanctioned Russian companies and even earns from this because they have free resources, part of which they can even transfer to the benefit of Ukraine. Euroclear resumes settlements on several issues of federal loan bonds (OFZ) and sovereign eurobonds of the Russian Federation in euros maturing in 2025. The total amount of claims against Euroclear and Clearstream is close to ₽700 billion. The new head of Euroclear (Valerie Urbain) opposes the confiscation of frozen assets of the Russian Federation. Euroclear to transfer € 1.55 billion to Ukraine fund from frozen Russian assets in July 2024. Euroclear plans to withdraw and redistribute about 3 billion euros ($3.4 billion) of Russian funds frozen at the Belgian clearing firm after Moscow seized investors’ cash in Russia. The money will be used to compensate Western investors after Moscow seized cash held in Russia in recent months, three people said, stepping up efforts by both sides to recover billions of dollars lost in the war in Ukraine.

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Statements Archive
October 17, 2025A Moscow court upheld Sberbank's claim against Euroclear Bank
September 04, 2025Court orders Euroclear Bank to pay over $105 million in Sberbank lawsuit
July 18, 2025UK simplifies unblocking of Russian investors' assets
July 15, 2025Euroclear warns ECB against investing frozen Russian assets
June 06, 2025Kyiv outraged by Europe's decision to compensate investors with Russian assets
June 05, 2025Ukraine hits out at Europe's payout from frozen Russian cash
May 09, 2025Euroclear To Seize $3 Billion In Russian Assets
May 02, 2025Europe to hand billions in frozen Russian cash to Western investors, sources say
March 07, 2025European Company That Seized $200 Billion of Russia's Money Hired Bodyguards to Protect It from Kremlin Agents
December 09, 2024Euroclear resumes settlements on Russian companies' Eurobonds
October 31, 2024Euroclear received €5.2 billion in revenue from Russian assets in nine months
October 31, 2024Commission eyes transfer of Russian assets to fortify €45B Ukraine loan
July 20, 2024Euroclear to transfer € 1.55 billion to Ukraine fund from frozen Russian assets in July 2024
May 11, 2024Ukraine Presses for €5 Billion in Profits from Euroclear's Frozen Russian Assets
May 07, 2024The new head of Euroclear opposes the confiscation of frozen assets of the Russian Federation
March 11, 2024Brussels aims to fast-track up to €3bn for Ukraine from frozen Russian assets
February 17, 2024The total amount of claims against Euroclear and Clearstream is close to ₽700 billion
February 01, 2024Frozen Russian assets yielded €4.4bn in 2023, says Euroclear
December 22, 2023Gazprom's subsidiary management company sued Euroclear for RUB 122.5 million.
November 17, 2023The CIS countries, at the request of the European Union, introduced special controls over the brokerage accounts of Russians
November 13, 2023Israeli banks are required to separate the assets of clients with Russian passports
October 31, 2023VEB explained its claim against Euroclear for compensation of losses amounting to almost $300 million
October 26, 2023Euroclear depository earned 3 billion euros from frozen Russian assets
September 08, 2023Bank Euroclear received more than 1.7 billion euros in profit from frozen Russian assets
August 22, 2023Russian investors file first class action lawsuit against Euroclear
August 13, 2023The amount of claims of investors from Russia to Euroclear exceeded 200 billion rubles
August 12, 2023Kazakhstan began to prevent the replacement of Russian Eurobonds
August 11, 2023Magnit bought back its shares from foreign minority shareholders
August 04, 2023Expobank received a license to unlock NSD's assets in Euroclear
August 02, 2023A private investor managed to unlock assets frozen in Europe
July 20, 2023Euroclear has earned more than €1.7 billion on the assets of Russians in six months
July 14, 2023Europe threatened to block Russian securities
July 12, 2023Russia's Magnit Extends Buyback Offer To Shares Held Through Euroclear
June 28, 2023It became known about the issuance of the second permission to unlock assets in Euroclear in relation to the bank and the first - in relation to an individual without a residence permit of a European country
June 14, 2023Euroclear Eases Ban on Settling Trades With Some Russian Bonds
April 28, 2023Euroclear publishes another quarter of growth in Q1
February 08, 2023On February 8, Euroclear will forcibly convert ruble balances of customers
December 21, 2022Central Bank: Belgian Ministry of Finance did not issue a license to NSD to unlock assets
March 01, 2022Euroclear shuts off exit route for rouble bond investors
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