đ¨ Russia Demands $230B Back from Euroclear đ°
The Central Bank of Russia has filed a lawsuit against Belgian depository Euroclear to recover 18.2 trillion rubles (~$229.36B), according to Moscow court sources via Reuters.
Most of these assets were frozen by the EU following the Russia-Ukraine conflict. The lawsuit comes in response to EU plans to use these funds to support Ukraine.
đš The Moscow Arbitration Court is expected to rule in favor of Russia, which could allow enforcement in other jurisdictions.
đš On Dec 12, the EU agreed to indefinitely freeze the Bank of Russiaâs European assets, clearing the way for potential use in Ukraine aid.
đš Russia has called the EUâs plan illegal and reserved the right to protect its interests by all means.
The next few weeks could be pivotal for global financial tensions. đđĽ