The Central Bank of Russia filed a claim with the General Court of the European Union challenging a provision that allows EU member state courts to prohibit Russian individuals and entities from seeking recognition and enforcement of certain Russian court orders in any jurisdiction. The central bank argues that the mechanism unlawfully restricts its ability to protect its rights outside the EU and may impose financial sanctions for breaching related injunctions. The challenge concerns the central bank’s effort in Belgian proceedings to enforce an order issued by the Arbitration Court of the City of Moscow in its case against Euroclear. The central bank contends that the EU provision is an extraterritorial intervention in those proceedings and conflicts with access to justice, legal certainty and the sovereign immunity of states and central banks.
2026-09-17Central Bank of Russia
Central Bank of Russia challenges EU restrictions on enforcing Russian court orders
The Central Bank of Russia has challenged an EU mechanism that can prevent Russian parties from seeking enforcement of certain Russian court orders in any jurisdiction. It argues that the measure unlawfully interferes with its Belgian proceedings to enforce a Moscow court order against Euroclear and violates access to justice, legal certainty and sovereign immunity.