Euroclear's Russian Asset Income Drops 21% in H1 2025 Amid Legal Disputes
Euroclear's interest income from investing blocked Russian assets dropped by 21% in the first half of 2025, reaching 2.7 billion euros. Meanwhile, a Moscow court ordered Euroclear Bank to pay Sberbank over $263.7 million in blocked payments on securities.
Euroclear's income from these investments stood at 2.7 billion euros in 2023. In a recent case, the Moscow Arbitration Court ruled that Euroclear Bank must pay Sberbank over $263.7 million, approximately 49.7 million euros, and over 4.4 million pounds in blocked payments on securities.
The court also ordered Euroclear to pay Dom.RF Bank 416 million rubles, around $67.8 million, over 4.6 million euros, and 678 thousand pounds in lost profits. This was after the initially claimed amount was reduced due to funds received under a Russian anti-sanctions decree.
Sberbank initially sought compensation for frozen coupon income valued at $500.4 million, 52.9 million euros, and 4.4 million pounds. However, a representative of the defendant argued against unjustified enrichment of Sberbank, leading to a reduced compensation.
This case is part of a series of lawsuits by Russian companies against foreign depositories following the imposition of sanctions in 2022. The reduced income and legal disputes highlight the ongoing impact of sanctions on Russian assets and businesses.
