Russia's claims against Euroclear exceed 225.7 billion
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Moscow, Dec 15 (Prensa Latina) The Moscow Arbitration Court reported that the Central Bank of Russia has filed a claim against the Belgian depository Euroclear for the freezing of its assets, which amount to more than $225.7 billion.

Last Friday, the Central Bank of Russia filed a lawsuit against Euroclear for causing losses to the Russian regulator by preventing it from accessing its funds and securities, as well as for the mechanisms the European Commission is considering for the direct or indirect use of its assets without consent.

The Bank is requesting compensation from the Moscow Arbitration Court for the damages incurred.

V According to the Bank, the amount claimed comprises its frozen funds, the value of its blocked securities, and lost revenue.

Following the start of Russia’s special military operation in Ukraine in February 2022, the European Union (EU) and the G7 froze Russian assets worth €300 billion.

Approximately €200 billion of this is held within the EU, primarily in accounts at Euroclear, based in Belgium.

The Russian Foreign Ministry called the freezing of these assets “theft” and pointed out that the EU is targeting not only the money of private investors but also Russia’s sovereign assets.

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