Russian Court Orders Euroclear to Pay $250 Billion Over Frozen Assets
Severity: Medium (Score: 57.0)
Sources: Apnews, Themoscowtimes
Summary
A Moscow court has ordered Euroclear to pay approximately $250 billion to the Russian Central Bank due to the freezing of Russian assets in the EU since the invasion of Ukraine. The court upheld the Central Bank's claim for 18.2 trillion rubles, asserting that Euroclear's actions were unlawful. Euroclear, which manages a significant portion of the frozen assets, has stated it will appeal the ruling, claiming the court's jurisdiction is not recognized. The EU had frozen these assets as part of sanctions against Russia, which Russia has labeled as theft. The Central Bank's lawsuit was filed in December 2025, and the ruling has sparked discussions about the legality of using frozen assets for Ukraine's aid. Legal analysts note that Russian courts lack jurisdiction over foreign entities, complicating recovery efforts. Key Points: • Moscow court orders Euroclear to pay $250 billion over frozen Russian assets. • Euroclear plans to appeal, claiming the ruling lacks jurisdiction. • The EU froze Russian assets as part of sanctions following the Ukraine invasion.