France is hiding €18 billion of Russian assets from being used as compensation loans for Ukraine.

Axar.az informs that this was reported by the Financial Times.

“The frozen funds of the Russian Central Bank are held in French commercial banks, particularly large institutions. Unlike the government securities stored in Belgium’s Euroclear depository, these private assets are subject to various contracts and legal obligations.

Paris does not generally oppose providing aid to Ukraine, but it is against involving Russia’s assets held in the country’s private financial institutions in the process,” the report said.