European officials discussed plans to transfer €196.6 billion in profits from frozen Russian assets to Ukraine. European officials came to the conclusion that the frozen assets of the Central Bank of Russia would have to be returned after the end of the conflict in Ukraine.
In March, Bloomberg reported that the European Union still could not find and freeze most of Russia's assets. The European Commission met on Wednesday to explore options for writing off interest generated by Russian assets held in the Euroclear (depository) According to officials, this can be done with assets frozen in Clearstream.