US EditionRussia’s Central Bank sues Belgian financial institution as EU mulls using Moscow’s frozen assets
The Bank of Russia aims to block a $106 billion EU loan to Ukraine by suing Euroclear over frozen Russian assets worth about €185 billion, citing unlawful use.
- This past week, the Bank of Russia filed suit in the Moscow Arbitration Court against Euroclear, alleging damage and seeking compensation for blocked funds and lost gains.
- The European Commission proposed immobilising €210bn indefinitely to fund a €90bn loan, with EU countries agreeing on Thursday, while Belgium opposed the plan fearing Russian retaliation.
- Investor-State dispute settlement allows investors to bring claims before private international arbitrators rather than courts, with Cold War-era bilateral investment treaties increasingly used to challenge EU sanctions policy.
- The EU Council introduced a loss‑recovery derogation and no‑liability clause, while Dmitry Peskov warned Moscow would respond to alleged asset theft, and Euroclear faces over 100 lawsuits.
- Russia could retaliate by immobilising Euroclear funds abroad, with an estimated €15 billion in Russia; Moscow has already confiscated €33 billion linked to Euroclear clients while Euroclear released €3 billion to compensate clients.
62 Articles
62 Articles
Russia’s Central Bank has filed a lawsuit seeking 18.2 trillion rubles ($229 billion) in damages from Europe’s largest securities depository Euroclear, the Interfax news agency reported Monday.
The idea seems solid.If Russian assets frozen in Europe cannot be legally confiscated, they could at least serve as collateral.With that logic, the European Commission (EC) has pushed a loan plan to Ukraine that, according to the latest public versions, would use up to 165 billion euros in assets of the Central Bank of Russia as a direct guarantee.And this is where the delicate part begins.Because this not only stresses international legality, i…
Italy Reportedly Joins Belgium in Opposing EU’s Plan to Use Russia’s Frozen Assets for Ukraine
Italy’s reportedly joined Belgium in opposing the EU’s plan to use $246 billion of Russia’s frozen assets to support Ukraine, according to an internal document seen by Politico on December 13. This intervention, just days before a crucial EU summit, weakens the European Commission’s push for a deal. The Commission aims to free up Russian assets held in Belgium’s Euroclear bank to assist Ukraine’s war-ravaged economy. Belgium’s government has rai…
The Russian Central Bank filed a lawsuit in Moscow today against the company Euroclear, which holds most of the frozen Russian assets that the European Union wants to use to finance aid to Ukraine.
The Russian Central Bank, on the other hand, announces a lawsuit against Euroclear. Minister of Finance Marterbauer described the project as the "best solution possible now."
Coverage Details
Bias Distribution
- 46% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
