European Union measures targeting the Russian financial system have resulted in the freezing of assets belonging to Russians exiled in Europe after the start of the war in Ukraine. The Belgian institution Euroclear, which holds €13 billion in private Russian assets, says it cannot remedy their situation.

Euroclear, a little-known but central player in Europe's financial system, holds €193 billion in frozen Russian assets that, since the invasion of Ukraine, have drawn intense…

European Union measures targeting the Russian financial system have resulted in the freezing of assets belonging to Russians exiled in Europe after the start of the war in…