US EditionRussian court considers central bank’s $232B lawsuit against Euroclear over seized assets
Russia's Central Bank accuses Euroclear of illegally freezing assets worth about $232 billion, with the hearing held behind closed doors amid state secrecy claims.
- The Russian central bank filed an 18.2 trillion rouble lawsuit against Euroclear over frozen Russian assets held by the Belgium-based institution.
- A Moscow court hearing on the lawsuit on Friday was held behind closed doors, citing state secrecy and the unprecedented amount of money involved, and was adjourned until spring.
- If Russia wins the case, it could seek the seizure of Euroclear assets in countries Russia deems friendly, such as China and the UAE, while some Russian private investors argue they should get a share of any seized assets.
22 Articles
22 Articles
The Russian Central Bank blames Euroclear, a Belgian company specializing in financial transactions, for causing it a "harm" by depriving it of the management of "liquidities and securities" belonging to it.
A Russian court held a preliminary hearing on Friday in a case brought by the Russian Central Bank against Belgian financial group Euroclear over the fate of Moscow's frozen assets in Europe.
The Russian central bank's lawsuit against Euroclear has begun in Moscow. In the case involving the frozen Russian assets held by the Belgian bank, the Russian central bank alleges that it has suffered "damages as a result of not having access to its liquid assets and securities."
Putin Goes to Court Over €200bn Frozen in Europe
A Moscow judge has opened a legal showdown between Russia’s central bank and Euroclear, the Belgian firm sitting on more than €200 billion of Russian money locked up in Europe since the invasion of Ukraine. The case, heard behind closed doors on Friday, is Moscow’s boldest attempt yet to claw back cash frozen by the European Union as part of its sanctions blitz against the Kremlin nearly four years ago. Those measures immobilised vast chunks of …
Moscow Court Holds Preliminary Hearing in Central Bank Lawsuit Against Euroclear
A Moscow court on Friday held a preliminary hearing in a lawsuit brought by Russia's Central Bank against the Belgian financial group Euroclear over the fate of Russia's blocked assets in Europe.
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