Russia’s Frozen Cash Earns €3 Billion as EU Haggles Over How to Tap It
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Sanctioned Russian assets frozen in Belgium have generated nearly €3 billion ($3.2 billion) in profits as European Union states continue to haggle over what to do with the money.
Euroclear results released Thursday show that the immobilized assets have generated €2.9 billion from the time they were frozen through the third quarter of this year. That figure is expected to continue to rise.