Translation. Region: Russian Federation –
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
On February 27, 2026, the Bank of Russia filed a challenge application with the General Court of the European Union (Luxembourg) Council Regulation (EC) No. 2025/2600 of 12 December 2025(hereinafter referred to as the EU Regulation). The application is submitted in accordance with Article 263 of the Treaty on the Functioning of the European Union. This continuation of workto challenge the European Union's illegal actions in relation to the sovereign assets of the Bank of Russia.
The contested EU Regulation established a permanent blocking (freezing) of the assets of the Bank of Russia, and also excluded the possibility of judicial protection of violated rights to assets, including by enforcing any court/arbitration decisions in connection with the measures adopted by this act.
The adoption of the EU Regulation has resulted in the violation of, among other things, the basic and inalienable rights of access to justice, the inviolability of property, the principle of sovereign immunity of states and their central banks, guaranteed by international treaties and European Union law, which is contrary to the fundamental principles of law and cannot be considered compatible with the principle of the rule of law.
Furthermore, the adoption of the contested EU Regulation was subject to significant procedural irregularities, in particular since it was adopted not by unanimity of EU members but by a majority vote, in contravention of the requirements of Article 215 of the Treaty on the Functioning of the European Union.
The Bank of Russia reserves all rights, claims, objections and remedies available to it in connection with the EU Regulation and any other measures taken by the European Union and/or its Member States in relation to the Bank of Russia or its assets.
When using the material, a link to the Press Service of the Bank of Russia is required.
March 3, 2026
08:00:00
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