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Euroclear sees first EU seizure of proceeds of Russian immobilized assets

By Jean Comte ( July 26, 2024, 09:28 GMT | Insight) -- The EU collected this week 1.5 billion euros held by Euroclear Belgium, a Central Securities Depository, the European Commission announced today. The funds will be transferred to Ukraine to support the country's reconstruction and military capacities.The EU this week collected 1.5 billion euros (around $1.6 billion) held by Euroclear Belgium, a Central Securities Depository, the European Commission announced today....

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