Russian Central Bank Fails EU Court Over Euroclear
Russia's central bank has filed a legal challenge with the EU General Court against a recent regulation regarding frozen assets. The move escalates an ongoing dispute with Euroclear over millions in damages.
Russia's central bank filed a legal challenge on Thursday with the EU General Court seeking to overturn an EU regulation that blocks enforcement of Russian court rulings. The lawsuit targets a July EU sanctions package designed to shield clearing house Euroclear from asset seizures. The legal escalation threatens to widen a multi-billion-dollar cross-border dispute over frozen sovereign reserves.
