Moscow Court Upholds Central Bank's Claim Against Euroclear

A Moscow court has ruled in favor of the Russian central bank's demand to recover damages from Euroclear over frozen assets totaling 18.17 trillion roubles, Euroclear's legal team stated.

According to Euroclear's lawyers, the financial clearing house's right to a fair trial was compromised. In a statement, Russia's central bank lauded the decision, asserting it validated the illegality of Euroclear's actions.

The central bank vowed to persist in contesting the European Union's actions concerning Russian sovereign assets, following their 18.2 trillion-rouble lawsuit initiated in December 2025, reacting to the EU's plan to utilize Russian assets to support a loan for Ukraine.

(With inputs from agencies.)