The European Union adopted legislation allowing profits from frozen Russian central bank assets to be used for Ukraine's reconstruction, requiring CSDs like Euroclear to separate and store net profits until EU member states unanimously decide on a mechanism for their use.
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The European Union has moved toward using the profits from frozen Russian central bank assets to finance Ukraine's reconstruction with the adoption of a new law on Monday (12 February).
Two-thirds of the frozen Russian assets (approximately €300 billion) are in the EU, with the majority held by Belgium's clearing house Euroclear.
The legislation prohibits CSDs from using net profits and requires them to keep revenues separate until EU member states unanimously decide on a mechanism.
Council of the EU adopted new measures paving way to use profits from frozen Russian Central Bank assets for Ukraine's reconstruction
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Extraction metadata
Extracted: 2026-02-27T18:30:54.484Z
Source story: 27996