Moscow Court Orders Immediate Enforcement Against Euroclear
A Moscow court ordered immediate enforcement of a damages ruling against Euroclear. The move targets assets frozen by the EU following the Ukraine conflict.
Xurve View
Xurve View
A Moscow arbitration court has granted a Russian central bank request for immediate enforcement of a court ruling, acknowledging a claim for damages against Euroclear following the European Union's freezing of 18.17 trillion roubles. This ruling follows a May 15 decision regarding sovereign assets held by the Belgium-based clearing house. This escalation increases the risk of retaliatory asset seizures in neutral jurisdictions like China or the United Arab Emirates.
