Russia's legal siege over assets continues, costing Euroclear hundreds of millions of euros in 2026

Euroclear faces significant financial losses due to Russian sanctions, amounting to hundreds of millions of euros in 2026. The company holds over 200 billion euros in immobilized Russian assets, which have generated substantial interest income. However, legal challenges from Russia, including claims from the Central Bank, add to Euroclear's costs. Despite these challenges, the EU supports Euroclear in upholding sanctions, and the company has contributed billions to aid Ukraine. Discussions about transferring Russian assets to a European custodian have emerged but face legal hurdles.