The Central Bank of Russia announced it will seek damages from European banks in a Russian arbitration court over the blocking and use of its assets held in European Union financial institutions, in response to what it described as EU authorities’ ongoing attempts to seize and use those assets without its consent, including through an indefinite freeze. It said the claims will be for the amount of the allegedly illegally withheld assets plus lost profit, and noted that it has previously filed a lawsuit against Euroclear with the Moscow City Arbitration Court.
Central Bank of Russia 2025-12-18
Central Bank of Russia to claim damages from European banks in Russian arbitration court over blocked assets
The Central Bank of Russia plans to seek damages from European banks in a Russian arbitration court over the blocking and use of its assets held in EU financial institutions. The claims will cover the allegedly illegally withheld assets and lost profit. The bank has previously filed a lawsuit against Euroclear with the Moscow City Arbitration Court.