This is reported by Bloomberg with reference to sources. As the agency specifies, the EU is at the initial stage of consideration of measures of assistance to the depositary. Earlier, Euroclear’s lawyer informed about the appeal of the decision on the Bank of Russia’s claim.
After the outbreak of hostilities in Ukraine, Western states froze Russian assets abroad, including the Central Bank’s reserves. In March 2022, Finance Minister Anton Siluanov said Russia had lost access to about $300 billion in foreign exchange reserves. Euroclear is the largest holder of these funds.
The Bank of Russia sued Euroclear in the Moscow Arbitration Court in December 2025. In May 2026, the court fully satisfied the plaintiff’s claims, recovering damages from the defendant in seven currencies in the amount of €200.1 billion. Later, on the application of the Russian regulator, the court made the decision immediately enforceable, after which the Central Bank filed an application for the issuance of a writ of execution for enforcement.
Russian businessmen, who have fallen under EU sanctions, have also filed lawsuits against the EU and its member states for a total amount of at least €53 bln.
