Translation. Region: Russian Federation –
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
In connection with the publication of a press release on the official website of the European Commission on 3 December 2025 “Commission unveils two solutions to support Ukraine's financing needs in 2026-2027”and the draft regulation of the European Commission “Proposal establishing the Reparations Loan to Ukraine”, which provide for the use of assets placed in financial institutions of the European Union, including the Euroclear depository, without the consent of the Bank of Russia, the Bank of Russia reports the following.
The mechanisms for the direct or indirect use of the Bank of Russia's assets provided for by the said document, as well as any other forms of uncoordinated use of the Bank of Russia's assets, are illegal, contrary to international law, including violating the principles of sovereign immunity of assets.
The issuance and implementation of the regulations announced on the official website of the European Commission will entail the unconditional challenge by the Bank of Russia of any direct or indirect actions leading to the uncoordinated use of Bank of Russia assets in all available competent authorities, including national courts, judicial bodies of foreign states and international organizations, arbitration tribunals, and other international judicial bodies, with subsequent enforcement of judicial decisions in the territory of UN member states.
The Bank of Russia reserves the right, without further notice, to proceed to the practical implementation of all available legal and other mechanisms for protecting interests in the event of further progress or any form of implementation of the aforementioned European Union initiatives under discussion.
When using the material, a link to the Press Service of the Bank of Russia is required.
December 12, 2025
09:05:00
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.
