Euroclear has filed a lawsuit against the Central Bank of Russia in… (суд · иск · россия)
Euroclear has filed a lawsuit against the Central Bank of Russia in Brussels to challenge a Russian court's ruling on frozen assets.
Consensus
- Euroclear filed an appeal against a Russian court's decision to recover €200 billion from it for losses due to blocked Russian assets.
- The Russian arbitration court in Moscow previously ruled in favor of the Central Bank of Russia, ordering Euroclear to pay damages.
- Euroclear claims that only Belgian courts have jurisdiction over this matter.
Points of divergence
- The case will be heard by the Ninth Arbitration Appellate Court in Russia on July 16, and Euroclear has filed an appeal with that court. — kommersant
- A preliminary hearing took place in Brussels on June 25, and Euroclear is challenging the Moscow ruling before Belgian courts. — vm
- Euroclear has already been denied a favorable outcome by the Russian court when it sought to overturn its liability for €200 billion. — vesti
Coverage (3 sources)
- Euroclear to consider Russia Central Bank's claim of $240 billion on July 16 — Коммерсантъ
- Euroclear Depository Files Lawsuit Against Russian Central Bank in Brussels Court — Вечерняя Москва
- Euroclear files lawsuit in Belgian court against the Russian Central Bank — Вести