Economist Nikita Maslennikov criticized a bill proposing parliamentary approval for the Russian Central Bank's key interest rate above 7%. He argued it infringes on the bank's independence and suggested improving coordination between the regulator and government instead.
Euroclear has requested a suspension of judicial rulings in a lawsuit filed by the Russian Central Bank. The lawsuit seeks compensation of approximately 200 billion euros, related to frozen Russian assets held by Euroclear.
Euroclear will keep Russian Central Bank assets frozen, citing EU law and rejecting Moscow court jurisdiction, despite a ruling ordering the release of $251 billion. The EU plans to use frozen Russian assets to fund Ukraine.
Euroclear Bank will keep Russian Central Bank assets frozen, citing international sanctions and non-recognition of EU law. This follows a Moscow court ruling ordering Euroclear to return 18.2 trillion rubles ($251 bln) to the Bank of Russia.
