EconomyThe EU loophole Russia is using to free its oligarchs from sanctions

Russia used an EU sanctions provision to unfreeze $3 billion in assets held by Belgium’s Euroclear, according to a Flemish media report. After winning a Vienna court case, Austria’s Raiffeisen Bank may seek authorization to release frozen Russian assets. Bank Track warned that the maneuver could undermine sanctions, while the European Commission said it is in contact with national authorities over allegations concerning the bank.

EU sanctionsasset unfreezingEuroclearRaiffeisen Bank

TThe Kyiv Independent★★★★☆2026-10-15 17:20Original