Moscow Court Ruling on Euroclear Damages: A Legal Clash
A Moscow court has supported the Russian central bank's claim against Euroclear for freezing assets worth 18.17 trillion roubles. The lawsuit was filed in response to an EU plan to utilize these frozen sovereign Russian assets for aiding Ukraine, which Euroclear's lawyers argue violated their right to a fair trial.
- Country:
- Russia
Moscow's judiciary has endorsed the Russian central bank's bid to reclaim damages from financial clearing house Euroclear, concerning the freezing of assets valued at 18.17 trillion roubles. Lawyers for Euroclear assert that their client's right to a fair trial has been compromised in this legal drama.
The central bank initiated legal proceedings in December 2025, reacting to a European Union initiative aimed at leveraging Russian sovereign assets frozen in European accounts, predominantly housed within Euroclear, to finance a loan to Ukraine.
The lawsuit has sparked significant legal debates regarding international finance and asset management, with potential implications for the financial sectors in Russia and the EU.
(With inputs from agencies.)
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