US EditionRussia’s Central Bank Sues EU in Luxembourg Over Frozen Assets
The Bank of Russia challenges the EU's indefinite freeze on €210 billion in assets, citing violations of property rights, sovereign immunity, and procedural rules in sanctions enforcement.
- On Tuesday, the Bank of Russia filed a claim at the General Court of the European Union in Luxembourg seeking annulment of Council Regulation 2025/2600, submitted on 27 February 2026.
- The regulation, agreed in December, was implemented under Article 122 of the EU Treaties, with the EU member states adopting it amid aid talks to provide 90 billion euros for Ukraine.
- In its filing, the Bank of Russia alleges the regulation forbids asset transfers indefinitely and blocks judicial protection, violating access to justice, inviolability of property, sovereign immunity, and bypassing unanimity via qualified majority.
- Amid plans to use the assets for Ukraine in 2026 and 2027, the lawsuit arrives as the European Union considers using immobilised assets or their income, with the European Commission not immediately replying and Moscow pursuing parallel litigation against Euroclear.
- The case could determine how far the EU can stretch its rules, as Moscow ruled out compensating Kyiv and Hungary voiced complaints last year, making fund release unlikely.
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34 Articles
The European Union has frozen some €210 billion for an indefinite period. "The EU regulation violates the fundamental and inalienable rights of access to justice, the inviolability of property, and the principle of sovereign immunity of states and their central banks," the BCR states in a communiqué.
The fixing of some EUR 200 billion in foreign reserves is illegal, argues Moscow. Brussels reacts calmly.
The EU has fixed Russian assets indefinitely. The Central Bank in Moscow speaks of a violation of EU rules. Brussels considers the measure to be legal.
The EU has fixed more than 200 billion euros of Russian assets because of the attack on Ukraine. On the other hand, the monetary institution from Moscow complains - one argument is the lack of unity in the EU.
Russia's central bank tries to sue EU over indefinite asset freeze
Russia's Central Bank said Tuesday it had filed a lawsuit in Luxembourg against the EU's indefinite freeze on some $230 billion of Moscow's reserves imposed over its offensive on Ukraine. Russia's Central Bank said it had submitted a claim to the General Court of the European Union, based in Luxembourg, challenging the legality of the new decision.
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