Moscow Court Backs Central Bank in Euroclear Lawsuit
A Moscow court has upheld a claim by the Russian central bank to recover 18.17 trillion roubles from Euroclear over frozen sovereign assets. Euroclear plans to appeal the decision while the central bank maintains that the European Union actions are unlawful.
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The Russian Federation won a court ruling in Moscow to recover $249.43 billion in damages from Euroclear over frozen sovereign assets. The decision upholds a claim for 18.17 trillion roubles following the freezing of Russian holdings in the European Union. The central bank argues the asset freeze violated its rights.
