What this means for investors: all decisions made by the Ministry of…

What this means for investors: all decisions made by the Ministry of Finance regarding applications for the release of assets in Euroclear may be challenged; any investor who received a refusal from the Ministry of Finance can now cite this decision of the Council of State.

Coverage (2 sources)

• Belgium Recognized Refusal to Unfreeze Russian Assets as Illegal — Ведомости
• In Belgium, refusal to unlock Russian assets deemed illegal — Вести

Key entities

• Belgium
• Euroclear
• Treasury
• BGP Litigation
• Moscow
• Telegram
• State Council
• BKS Bank