Euroclear has refused to recognize the jurisdiction of Russian… (суд · иск · решение)
Euroclear has refused to recognize the jurisdiction of Russian courts after Moscow's court rejected its appeal against Russia Central Bank's lawsuit.
Consensus
- The Moscow Arbitration Court ruled in May 2026 in favor of the Central Bank of Russia against Euroclear.
- Euroclear was ordered to pay €200 billion in damages related to asset freezes.
- Euroclear filed an appeal against the ruling, which was rejected by the Ninth Arbitrazh Appellate Court on July 16, 2026.
- Euroclear does not recognize the jurisdiction of the Russian court.
- The decision to pay €200 billion in damages was upheld and remains enforceable.
Points of divergence
- Euroclear will challenge the Central Bank's demand for €200 billion, citing EU law as a basis for its position. — kommersant
- The court decision required Euroclear to compensate losses in seven currencies totaling approximately 200 billion euros (18.2 trillion rubles). — vesti
- Euroclear stated that the Central Bank's assets would remain frozen, and emphasized that such claims are not recognized by EU law. — m24
Coverage (6 sources)
- Euroclear did not recognize the jurisdiction of Russian courts after rejecting an appeal against the Central Bank's lawsuit — Коммерсантъ
- Euroclear calls Russian requirements illegitimate after appeal rejection — Вести
- Moscow Court Dismissed Euroclear's Appeal on the Central Bank's Claim for €200 Billion — Коммерсантъ
- Court Rejects Euroclear's Appeal in Case for Recovery of €200 Billion — Вести
- Euroclear requested court to suspend case on Central Bank of Russia's lawsuit — Вести
- Court Upheld Decision to Order Euroclear to Pay €20 Billion — Москва 24