Euroclear has filed two complaints with the Moscow Arbitration Court on the claim of the Central Bank

The Belgian depository Euroclear has filed two appeals to the Moscow Arbitration Court on the claim of the Bank of Russia. That's from the file. Euroclear intends to appeal the court's decision in May, but details of the document are unknown.

At the end of 2025, the Central Bank filed a lawsuit in the Arbitration Court of Moscow with the requirement to recover from Euroclear €200 billion in losses associated with the blocking of Russian assets. The court granted the claim on May 15, 2026. Euroclear did not recognize the decision. On May 26, a court in Moscow issued an immediate enforcement order, after which the Belgian bank appealed. The court dismissed her.

After the start of the Russian military operation in Ukraine, the EU and the G7 countries froze about €300 billion of Russian assets. Most of the funds are held in Euroclear. Belgium has imposed a ban on their use, as it does not want to take sole risks in the event of their possible return to Russia.