Bank of Russia readies defense in Euroclear Belgium case
The Bank of Russia stated it is aware of and preparing for a Euroclear lawsuit filed in Belgium concerning frozen assets.
Topic cluster
developing
2 sources grouped by AFBytes in Economy
AFBytes briefing
The outcome could affect the treatment of sanctioned Russian assets and precedent for future sovereign asset disputes involving Western custodians.
Key entities
- Bank
- Euroclear
- Russia
What to watch next
- Monitor the Brussels court docket for the next scheduled hearing date.
- Track the next filing deadline or hearing date in the Brussels court.
Euroclear sues Bank of Russia over 18.2 trillion rubles
Euroclear filed a lawsuit in Belgium seeking to block enforcement of a Moscow court ruling on 18.2 trillion rubles.