Euroclear, a Brussels-based clearing house, announced it will transfer €1.55 billion from interest generated by frozen Russian funds to support Ukraine. This decision follows EU and G7 discussions on using Russia's immobilized assets, totaling €210 billion, sanctioned due to the Ukraine conflict. The first payment will aid Ukraine's defense, with more funds to follow, despite Russia's claims that such actions amount to theft and warnings of severe repercussions.

The depositary and cleari...