A Moscow arbitration court has fully upheld a massive $249.7 billion damages claim brought by the Russian Central Bank against Euroclear, the European Union-based securities clearing institution that holds the vast majority of the bloc’s frozen Russian sovereign assets, Russian media outlets confirmed Friday. The legal action stems from sweeping EU sanctions imposed on Moscow following the 2022 full-scale invasion of Ukraine, which locked the Russian Central Bank out of accessing and managing its more than $200 billion in reserves held with Euroclear.
Moscow court orders Euroclear to pay compensation to Russia’s central bank over seized assets
