Euroclear can offset its assets seized by Russia with Russia's assets -EU

The headquarters of Euroclear, a Belgium-based central securities depository financial institution where the frozen Russian assets are held, in Brussels, Belgium December 5, 2025. REUTERS/Yves Herman

BRUSSELS, Dec 12 (Reuters) - Belgian central securities depository Euroclear, which holds most of the Russian central bank assets frozen in Europe, can offset any seizure of its assets in Russia as a result of lawsuits with the Russian assets it holds in Belgium, a senior EU officials said.

Russia's central bank said on Friday that plans by the European Union to use its assets to extend a loan to Ukraine were illegal and that it reserved the right to employ all available means to protect its interests.