Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Moscow, December 15 (Xinhua) — The Central Bank of Russia filed a lawsuit against Euroclear for over 18 trillion rubles in the Moscow Arbitration Court, Russian media reported, citing the court's press service. The Central Bank of Russia announced the lawsuit on December 12.
“In connection with the illegal actions of the Euroclear depository, which are causing losses to the Bank of Russia, as well as in connection with the mechanisms officially considered by the European Commission for the direct or indirect use of the Bank of Russia’s assets without the Bank of Russia’s consent, the Bank of Russia is filing a claim in the Arbitration Court of Moscow against the Euroclear depository for the recovery of losses caused to the Bank of Russia,” the Bank of Russia said in a press release published on December 12.
The Central Bank of Russia's press service explained that the amount of the claim is determined based on three factors: blocked Russian assets, Central Bank funds, and lost profits from these funds.
Following the start of Russia's special military operation in Ukraine, the Central Bank of the Russian Federation's assets in Europe were frozen. Most of these assets are held in the Belgian depository Euroclear. The total amount of frozen Russian assets in Europe is approximately €210 billion.
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