EU to indefinitely freeze Russian assets 
The EU is set to implement plans to divert Russian assets for use by Ukraine, but Russia’s central bank says it will sue Belgium-based Euroclear, which holds the majority of funds
RUSSIAN CENTRAL BANK HOLDINGS
Estimated
Around €290 billion
Excluding oligarchs
Mainly foreign securities, bank deposits, nostro correspondent accounts
EU
Belgium €185bn
Most in Euroclear central securities depository. Approx €7bn interest transferred annually to Ukraine
Other EU €25bn
Japan €28bn
UK €27bn
Canada €15bn
Australia €6.0bn
U.S. €4.0bn
Singapore €1.8bn
Switzerland €1.0bn
Belgium fears seizing assets could expose Euroclear to litigation. Other countries need to provide guarantees
AT RISK: Up to $285bn in direct Western investment frozen in Russia
PROPOSED FOR UKRAINE
Defence industry
€115bn
Budget
€50bn
G7 loan
€45bn
Estimated cost of rebuilding Ukraine
€450 billion
Sources: Reuters, Carnegie Endowment, The Guardian
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