EU Discusses Sending Profits from Nearly €200 Billion in Frozen Russian Assets to Ukraine: FT

The European Union is discussing the possibility of sending profits from nearly €200 billion in frozen Russian assets, held in Belgium's Euroclear center, to Ukraine, according to The Financial Times, citing EU officials.

This move would not result in the actual sale of the assets but would intensify Western financial pressure on Russia, the publication notes.

According to the Belgian government, as a result of the sanctions imposed on Russia, €196.6 billion in Russian assets have been frozen and are currently in Euroclear, with €180 billion representing assets from the Central Bank of Russia.