A court in Moscow has granted the lawsuit of the Central Bank of Russia against the Belgian financial company Euroclear for damages resulting from the freezing of Russian assets. This was reported by Reuters, according to UNN.
Details
The amount in question is 18.17 trillion rubles, or approximately 249.4 billion dollars. The lawsuit was filed in late 2025 following the European Union's decision to use profits from frozen Russian assets to support loans to Ukraine.
Euroclear served as the primary depository for Russian sovereign assets in the EU, which were blocked after the start of the Russian Federation's full-scale war against Ukraine.
Euroclear to appeal the decision
Euroclear lawyers stated that the company "strongly disputes" the Moscow court's decision and believes that its right to a fair trial was violated.
The Central Bank of the Russian Federation welcomed the court's decision. They stated that the court "recognized Euroclear's actions as illegal."
"We will continue our efforts to challenge the illegal actions of the EU regarding Russian sovereign assets,"
Reuters notes that the majority of frozen Russian assets in Europe are held specifically through the Euroclear system in Brussels.