{
    "title": "Euroclear sues Russian Central Bank in Brussels court",
    "modified_at": "2026-06-30 07:29:06",
    "published_at": "2026-06-30 07:29:00",
    "url": "https://belganewsagency-eu.prezly.com/euroclear-sues-russian-central-bank-in-brussels-court",
    "short_url": "http://prez.ly/wWJd",
    "culture": "en_BE",
    "language": "EN",
    "slug": "euroclear-sues-russian-central-bank-in-brussels-court",
    "body": "<p style=\"text-align: left\"><strong>The Brussels-based financial institution Euroclear has filed a lawsuit against the Russian Central Bank at the Brussels Enterprise Court, L&rsquo;Echo reports. The preliminary hearing took place last Thursday.</strong></p><p style=\"text-align: left\">A court in Moscow sentenced Euroclear on 15 May to pay approximately 220 billion euros in damages. The institution holds around 200 billion euros of Russian funds, which have been blocked due to sanctions imposed by the European Union following the invasion of Ukraine.</p><p style=\"text-align: left\">However, Euroclear contends that the Moscow court was not authorised to rule on the case. In L&rsquo;Echo, a Euroclear lawyer describes the process, held behind closed doors, as &ldquo;unfair&rdquo; and a &ldquo;sham trial&rdquo;.</p><div id=\"bookmark-734ff056-7f4b-4fda-8f05-53bdd1e7e12d\"\n     class=\"release-content-bookmark release-content-bookmark--horizontal\">\n\n            <a class=\"release-content-bookmark__thumbnail\"\n           href=\"http://prez.ly/5S2d\"\n           rel=\"noopener noreferrer\"\n           target=\"_blank\"           style=\"background-image: url(https://prezly.imgix.net/https%3A%2F%2Fcdn.uc.assets.prezly.com%2F2c5d4ac5-e515-4135-bcab-62a6dc648f82%2F-%2Fpreview%2F600x600%2F?ar=1%3A1&amp;fit=crop&amp;s=c9c90be996990bf4e50a61554286b64e)\"\n        ></a>\n    \n    <div class=\"release-content-bookmark__details\">\n\n                    <a class=\"release-content-bookmark__title\"\n               href=\"http://prez.ly/5S2d\"\n               rel=\"noopener noreferrer\"\n               target=\"_blank\"               data-type=\"bookmark\"\n               data-track=\"Story WebBookmark Click\"\n               data-placement=\"content\"\n               data-id=\"734ff056-7f4b-4fda-8f05-53bdd1e7e12d\"\n           >\n                Russia sues Euroclear for 200bn euros over frozen assets            </a>\n        \n                    <div class=\"release-content-bookmark__description\">\n                Russia\u2019s central bank has filed a lawsuit in Moscow against Euroclear, demanding 18.2 trillion roubles, or about 200 billion euros. The case was...            </div>\n        \n        <a href=\"https://www.belganewsagency.eu/\"\n           target=\"_blank\"\n           rel=\"noreferrer noopener\"\n           class=\"release-content-bookmark__provider\"\n        >\n            <img class=\"release-content-bookmark__provider-icon\" src=\"https://avatars.prezly.com/favicon?url=https%3A%2F%2Fwww.belganewsagency.eu%2Frussia-sues-euroclear-for-200-billion-over-frozen-assets&newsroom=6b71e247-a9ba-4732-aaa3-88be14c119db\" aria-hidden=\"true\" />\n            belganewsagency.eu        </a>\n    </div>\n</div>\n<p style=\"text-align: left\">Euroclear&rsquo;s position is that only a Belgian court has jurisdiction to handle the case. Its lawyers say the claim is inadmissible.</p><p style=\"text-align: left\">At a summit in December, EU leaders agreed to <a href=\"http://prez.ly/zn3d\" target=\"_blank\" rel=\"noreferrer noopener\">grant Ukraine a loan of 90 billion euros</a> to finance the war against Russia over the next two years. The agreement is an alternative to using the assets mainly held at Euroclear to fund Ukraine&rsquo;s war effort. The EU reserves the right to use the assets to repay the loan.</p><p style=\"text-align: left\">&nbsp;</p><p style=\"text-align: left\"><sup>Russian Central Bank lawyers prepare for a preliminary hearing on the bank&#039;s lawsuit against Euroclear in January 2026 &copy; PHOTO ALEXANDER NEMENOV / AFP</sup></p><hr /><p><strong>Related news</strong></p><div id=\"bookmark-3c9e08eb-b231-4c2c-991f-48255f3922ef\"\n     class=\"release-content-bookmark release-content-bookmark--horizontal\">\n\n            <a class=\"release-content-bookmark__thumbnail\"\n           href=\"http://prez.ly/8n3d\"\n           rel=\"noopener noreferrer\"\n           target=\"_blank\"           style=\"background-image: url(https://prezly.imgix.net/https%3A%2F%2Fcdn.uc.assets.prezly.com%2F72b744d1-1c95-442d-bc1a-344366765a3b%2F-%2Fcrop%2F1447x887%2F369%2C321%2F-%2Fpreview%2F-%2Fpreview%2F600x600%2F?ar=1%3A1&amp;fit=crop&amp;s=6f9cc6ba65aac398f07ff61380e7610b)\"\n        ></a>\n    \n    <div class=\"release-content-bookmark__details\">\n\n                    <a class=\"release-content-bookmark__title\"\n               href=\"http://prez.ly/8n3d\"\n               rel=\"noopener noreferrer\"\n               target=\"_blank\"               data-type=\"bookmark\"\n               data-track=\"Story WebBookmark Click\"\n               data-placement=\"content\"\n               data-id=\"3c9e08eb-b231-4c2c-991f-48255f3922ef\"\n           >\n                Zelensky welcomes EU\u2019s 90bn euro loan: \u2018This truly strengthens our resilience\u2019            </a>\n        \n                    <div class=\"release-content-bookmark__description\">\n                Ukrainian president Volodymyr Zelensky has welcomed the 90 billion euro loan granted by the European Union to his country to finance its war...            </div>\n        \n        <a href=\"https://www.belganewsagency.eu/\"\n           target=\"_blank\"\n           rel=\"noreferrer noopener\"\n           class=\"release-content-bookmark__provider\"\n        >\n            <img class=\"release-content-bookmark__provider-icon\" src=\"https://avatars.prezly.com/favicon?url=https%3A%2F%2Fwww.belganewsagency.eu%2Fzelensky-welcomes-eus-90bn-euro-loan-this-truly-strengthens-our-resilience&newsroom=6b71e247-a9ba-4732-aaa3-88be14c119db\" aria-hidden=\"true\" />\n            belganewsagency.eu        </a>\n    </div>\n</div>\n<div id=\"bookmark-8c56da61-68ea-4772-a899-594af5911a11\"\n     class=\"release-content-bookmark release-content-bookmark--horizontal\">\n\n            <a class=\"release-content-bookmark__thumbnail\"\n           href=\"http://prez.ly/hL2d\"\n           rel=\"noopener noreferrer\"\n           target=\"_blank\"           style=\"background-image: url(https://prezly.imgix.net/https%3A%2F%2Fcdn.uc.assets.prezly.com%2Fad466564-6d83-45bf-8b2f-ed40df11049e%2F-%2Fpreview%2F600x600%2F?ar=1%3A1&amp;fit=crop&amp;s=7421bd4cde47c0bb178a14d28dc60f5f)\"\n        ></a>\n    \n    <div class=\"release-content-bookmark__details\">\n\n                    <a class=\"release-content-bookmark__title\"\n               href=\"http://prez.ly/hL2d\"\n               rel=\"noopener noreferrer\"\n               target=\"_blank\"               data-type=\"bookmark\"\n               data-track=\"Story WebBookmark Click\"\n               data-placement=\"content\"\n               data-id=\"8c56da61-68ea-4772-a899-594af5911a11\"\n           >\n                EU member states agree to indefinite immobilisation of frozen Russian assets            </a>\n        \n                    <div class=\"release-content-bookmark__description\">\n                EU member states have agreed to freeze Russian assets indefinitely, despite Belgium&#039;s objections. 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    "links": [
        {
            "description": "Russia sues Euroclear for 200bn euros over frozen assets",
            "url": "http://prez.ly/5S2d"
        },
        {
            "description": "Zelensky welcomes EU\u2019s 90bn euro loan: \u2018This truly strengthens our resilience\u2019",
            "url": "http://prez.ly/8n3d"
        },
        {
            "description": "EU member states agree to indefinite immobilisation of frozen Russian assets",
            "url": "http://prez.ly/hL2d"
        }
    ],
    "author": {
        "first_name": "Flanders",
        "last_name": "News Service"
    },
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