In response to a question from the “TASS” agency about the lawsuit filed by the Russian Central Bank before the Arbitration Court in Moscow demanding compensation, the platform clarified that it would not make any comment at the present time, noting that it is currently relying on media reports and the Central Bank’s statement. However, the platform affirmed that it is fully prepared to engage in any legal proceedings in Russia related to the frozen assets.
According to the Russian agency, no official comment has yet been issued by the European Commission or the Belgian government regarding these latest developments.
The Russian Central Bank had previously announced the filing of a lawsuit against “Euroclear” before the Arbitration Court in Moscow, demanding compensation for losses attributed to the platform, without disclosing the value of the claim.
It is worth mentioning that the European Union and the G7 countries have frozen approximately 300 billion euros of Russian assets since February 2022, including approximately 185 billion euros deposited with “Euroclear” in Belgium.
The European Commission is currently seeking to approve a decision allowing the confiscation of these assets within the framework of the “Compensation Loan,” with the aim of using them to finance Ukraine during the years 2026 and 2027. The plan includes a series of steps, most notably converting the freezing of assets into a permanent measure instead of extending it every six months, in preparation for presenting the confiscation decision during the European Union summit scheduled to be held on December 18 and 19.
In contrast, “Euroclear” constantly affirms its rejection of any illegal confiscation of Russian assets, and emphasizes its readiness to appeal before the European Court of Justice if a similar decision is taken.
