Moscow court rejects Euroclear's appeal in €200B lawsuit filed by Russia's Central Bank.
Regulation & Gov ·
A Moscow court has rejected Euroclear's appeal in a lawsuit brought by Russia's Central Bank seeking recovery of €200 billion, according to court proceedings reported by RIA Novosti. The case centers on funds held at the Belgian-based clearinghouse, though the underlying circumstances of the claim remain unclear from available reporting.
The rejection marks a development in what appears to be a prolonged dispute over asset access. Euroclear has faced scrutiny internationally regarding frozen Russian assets and sanctions compliance, making this ruling potentially significant for both parties' positions on the matter.
It is not yet established whether this decision is final, whether either party plans further legal action, or what specific grounds the court cited for the rejection.