Figure 1: Assets of Euroclear Bank (€ millions)

Source: Bruegel based on Euroclear disclosures of total assets. Note: the estimate of Russia-related amounts is made crudely by subtracting €30 billion, until 2022 the observed upper limit on Euroclear Bank’s total assets, from the figures reported by Euroclear from end-March 2022 onwards (N.B. the only date for which Euroclear specifically published the discrepancy between total and Russia-related assets was at end-2022, when it was €30.19 billion).
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