Euroclear Appeals Russian Central Bank's $239 Billion Claim
En resumen
- Euroclear has filed an appeal with the 9th Arbitration Court of Appeal to suspend enforcement of a ruling ordering it to pay Russia's Central Bank 18.2 trillion rubles ($239 billion).
- The claim stems from frozen Russian assets amid EU plans to fund Ukraine.
Resumen generado por IA
Por qué importa
The Bank of Russia filed a claim against Euroclear for 18.2 trillion rubles amid EU plans to use blocked Russian assets to fund Ukraine. The EU and G7 have frozen approximately €300 billion in Russian assets, with a significant portion held by Euroclear.
MOSCOW, July 8. /TASS/. The Belgian depository Euroclear has filed a petition with the 9th Arbitration Court of Appeal to suspend the enforcement of judicial decisions made by the first-instance arbitration court regarding the Bank of Russia's 18.2 trillion ruble ($239 bln) claim against the depository, according to the arbitration case file.
"Petition (application) of Euroclear Bank S.A./N.V. to suspend the enforcement of judicial decisions made by the first-instance arbitration court - to the appellate arbitration court (Article 265.1 of the Arbitration Procedure Code)," the statement reads.
The court previously accepted the depository's appeal and scheduled the hearing for July 16.
About the case
In December 2025, the Central Bank filed a claim against Euroclear for 18.2 trillion rubles with the Moscow Arbitration Court, amid European Union plans to use blocked Russian assets to fund Ukraine. This amount includes frozen funds, the value of blocked securities, and lost profits. The EU and G7 countries have frozen approximately €300 billion in Russian assets, with around €180 billion held in the Belgian depository Euroclear.
On May 15, 2026, the court upheld the Bank of Russia's claim to recover 18.2 trillion rubles from Euroclear Bank. On May 20, the Bank of Russia filed a motion with the Moscow Arbitration Court for immediate enforcement of the ruling.
Qué observar
Perspectiva de IA — posibilidades, no hechos
Euroclear's appeal will be heard and a decision made on suspending enforcement.
Muy probable · En semanas
Preguntas abiertas
- Will Euroclear's appeal suspend the enforcement?
- What is the final ruling on the claim?
- How will this impact future asset freezes?
