This podcast episode examines the unique situation of Euroclear holding frozen Russian assets. Euroclear's windfall profits generated from these assets have prompted discussions about potentially diverting them towards funding military equipment for Ukraine. However, legal complexities and skepticism about the proportion of funds relative to the war's expenses have raised concerns about the feasibility of this proposal. The episode also highlights the economic impact of the war on Ukraine, emphasizing the need for continued international support for its reconstruction efforts.