Euroclear to Make First €1.55 Billion Payment to Ukraine from Frozen Russian Assets

Jul 19, 2024, 11:26 AM

In July, Euroclear will make the first payment of €1.55 billion to the European Fund for Ukraine. This payment is derived from revenues generated by frozen Russian assets. The EU depositary confirmed the confiscation of these assets, and the funds will be used to support Ukraine and its military.