Moscow court backs central bank in $249 billion Euroclear damages claim, lawyers say
Moscow court backs central bank in $249 billion Euroclear damages claim, lawyers say
ReutersFri, May 15, 2026 at 4:42 PM UTC
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FILE PHOTO: A flag flies above the headquarters of the Russian Central Bank on the day of a key rate-setting meeting in Moscow, Russia, April 24, 2026. REUTERS/Anastasia Barashkova/File Photo
MOSCOW, May 15 (Reuters) - A court in Moscow has upheld the Russian central bank's claim to recover damages from Euroclear related to the freezing of assets worth 18.17 trillion roubles ($249.43 billion), according to Euroclear's lawyers.
The lawyers also said that the financial clearing house's right to a fair trial had been violated.
Russia's central bank said in its statement that it welcomed the court’s decision, "which recognised Euroclear's actions as unlawful."
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"We will continue our efforts to challenge the EU’s unlawful actions regarding Russian sovereign assets," the bank said.
The central bank filed the 18.2 trillion rouble lawsuit in Moscow in December 2025 in response to a European Union plan to use Russian sovereign assets frozen in Europe - mostly held in Euroclear - to back a loan to Ukraine.
($1 = 72.8455 roubles)
(Reporting by Elena Fabrichnaya Writing by Maxim RodionovEditing by Louise Heavens)
Source: “AOL Breaking”
