Moscow court backs central bank in $249 billion Euroclear damages claim, lawyers say
The court backed the Central Bank’s full 18.2 trillion-ruble claim as Euroclear said it will appeal, citing a denied fair trial.
- On Friday, a Moscow court upheld the Russian Central Bank's claim against Brussels-based Euroclear, ruling the clearing house must pay damages related to frozen assets worth 18.2 trillion rubles .
- The Central Bank filed the lawsuit in December 2025 after the European Union froze 210 billion euros of Russian assets following the 2022 invasion of Ukraine.
- Euroclear, which holds around 193 billion euros of the seized funds, had the case heard behind closed doors; lawyers Maxim Kulkov and Sergei Savelyev argued the clearing house was denied a fair trial.
- Euroclear strongly contests the decision and intends to appeal, while the Central Bank welcomed the ruling, stating it "recognised Euroclear's actions as unlawful."
- The European Union previously opted to borrow 90 billion euros on capital markets to fund Ukraine, avoiding direct use of frozen assets due to concerns regarding potential Russian retaliation.
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35 Articles
Frozen Russian Assets Spark €200bn Court Battle
Euroclear said on Friday it would appeal a Russian court ruling ordering the Brussels-based financial institution to pay more than €200 billion in damages claimed by Russia’s central bank over assets frozen following Moscow’s invasion of Ukraine. A Moscow arbitration court ruled in favour of the Russian Central Bank over Russian assets immobilised under European Union sanctions. Euroclear said the claims were unfounded and had “no legal standing…
Russian Court Orders Euroclear to Pay Around $250Bln Over Frozen Assets
A Russian court on Friday ordered Belgian financial group Euroclear to pay around $250 billion in damages over the freezing of billions of dollars worth of Russian assets in the European Union since the start of the full-scale invasion of Ukraine.
A court in Moscow has sentenced the Belgian financial service provider Euroclear to pay damages of 215 billion euros for assets that have been recovered.
The Belgian company Euroclear holds billions of Russian central bank money on behalf of the EU. A court in Moscow has now sentenced him to compensation.
Moscow Court Rules in Favor of Central Bank Against Euroclear
A Moscow court ruled in favor of the Russian Central Bank in a lawsuit against Euroclear, seeking to recover 18.2 trillion rubles in damages for frozen assets. Euroclear plans to appeal, arguing the trial's fairness was compromised. The EU imposed sanctions on Russia, freezing significant assets after its 2022 Ukraine invasion.
A large part of the frozen Russian funds in the EU lies with the financial service provider Euroclear. A Moscow court has now sentenced the Belgian company to a high payment of damages.
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