Euroclear launches lawsuit to block €220 billion Russian frozen assets ruling
- Euroclear, the Brussels-based clearing house, has launched legal action against Russia's central bank in a Belgian civil court.
- The move aims to block the enforcement of a Russian ruling that demands Euroclear pay approximately €220 billion in damages for freezing Russian assets under European Union sanctions.
- The financial institution, a key custodian in the region, asserts it was merely complying with EU regulations when it froze the assets.
Unverified
- Euroclear, the Brussels-based clearing house, has launched legal action against Russia's central bank in a Belgian civil court.
- The move aims to block the enforcement of a Russian ruling that demands Euroclear pay approximately €220 billion in damages for freezing Russian assets under European Union sanctions.
- The financial institution, a key custodian in the region, asserts it was merely complying with EU regulations when it froze the assets.
Sources: The Independent