Moscow court orders 235 billion dollar lawsuit against Euroclear to proceed
A Moscow court ruled that a massive lawsuit against Euroclear will proceed after a closed hearing today. The case is now adjourned until this spring.
Insights:
A Moscow court held a closed-door hearing today, January 16, 2026, regarding a 235 billion US Dollar / Russian Ruble lawsuit filed by the central bank of Russia 
RU against the Belgian clearing house Euroclear. Judge Anna Petrukhina anna petrukhina ruled that the legal action would proceed and rejected a motion by lawyers for Euroclear who argued the case should be dropped. After the ruling, the judge ordered all journalists to leave the courtroom and subsequently adjourned the proceedings until the spring.
RU against the Belgian clearing house Euroclear. Judge Anna Petrukhina anna petrukhina ruled that the legal action would proceed and rejected a motion by lawyers for Euroclear who argued the case should be dropped. After the ruling, the judge ordered all journalists to leave the courtroom and subsequently adjourned the proceedings until the spring.The lawsuit, seeking 18.2 trillion US Dollar / Russian Ruble , was filed in Moscow last month as a response to an earlier European Union 
EU plan to use frozen Russian sovereign assets to back a loan for Ukraine 
UA. While the European Union EU later abandoned this plan due to legal concerns from member states like Belgium 
BE, the Russian central bank has continued its legal pursuit. The European Union EU has since decided to borrow money to provide a 90 billion Euro / Russian Ruble loan to Ukraine UA instead.
EU plan to use frozen Russian sovereign assets to back a loan for Ukraine UA. While the European Union EU later abandoned this plan due to legal concerns from member states like Belgium BE, the Russian central bank has continued its legal pursuit. The European Union EU has since decided to borrow money to provide a 90 billion Euro / Russian Ruble loan to Ukraine UA instead.
