Euroclear has refused to recognize the jurisdiction of Russian…

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

Key entities

• Euroclear
• Moscow
• Bank of Russia
• Euroclear Bank
• Russia
• CB
• Maxim Kulkov
• Kulkov, Kotylov and Pokryshkin
• Central Bank
• Arbitration Court
• European Union
• RIA Novosti
• Appeals Court
• Ninth Arbitration Appellate Court
• Moscow Court