{"id":11404,"date":"2025-12-19T12:23:20","date_gmt":"2025-12-19T13:23:20","guid":{"rendered":"http:\/\/www.globaltalenthq.com\/?p=11404"},"modified":"2025-12-22T18:41:53","modified_gmt":"2025-12-22T18:41:53","slug":"russia-ups-legal-risk-for-european-banks-over-frozen-assets-2","status":"publish","type":"post","link":"http:\/\/www.globaltalenthq.com\/index.php\/2025\/12\/19\/russia-ups-legal-risk-for-european-banks-over-frozen-assets-2\/","title":{"rendered":"Russia ups legal risk for European banks over frozen assets"},"content":{"rendered":"

Moscow has pledged to widen arbitration proceedings over the freezing of its sovereign funds beyond Belgian-based depository Euroclear<\/strong><\/p>\n

Russia has said it will expand its lawsuit over frozen assets beyond Belgian-based depository Euroclear to include European banks that also hold the funds.<\/p>\n

Kiev’s Western backers froze $300 billion in Russian central bank assets under Ukraine-related sanctions, around half of it held at Euroclear, but failed on Thursday to approve the use of the assets as collateral for a ‘reparations loan’ to finance Kiev’s collapsing economy and military.<\/p>\n

Some EU members intend to raise €90 billion for Kiev through common debt, passing the cost of financing Ukraine to the taxpayers. Russia, which has condemned the freeze as “theft,”<\/em> said last week it is suing Euroclear for damages caused by its “inability to manage”<\/em> the assets.<\/p>\n

As EU leaders were attempting to back the ‘reparations loan’ plan on Thursday, the Bank of Russia announced in a statement: “In view of the ongoing attempts by EU authorities to illegally seize and use the Bank of Russia’s assets… [it] will claim damages from European banks in a Russian arbitration court for the illegal blocking and use of its assets.”<\/em> <\/p>\n

\n Read more<\/strong><\/span><\/p>\n

\n \"RT\"
EU\u2019s plan to steal Russian assets for Ukraine fails<\/a><\/figcaption><\/figure>\n<\/blockquote>\n

The move is aimed at “protecting its interests,”<\/em> the regulator said, noting that the claim will cover all illegally withheld assets and lost profit.<\/p>\n

The EU earlier dismissed Moscow’s lawsuit against Euroclear as “speculative,”<\/em> but some legal experts<\/a> and officials warn it could damage the bloc’s financial institutions if it spreads beyond Russia, triggering lengthy cross-border litigation, reputational harm, and risks to the EU’s investment climate.<\/p>\n

Shortly after the case was filed, Fitch Ratings put the depository on watch for a possible downgrade, citing legal and liquidity risks. Kirill Dmitriev, the Russian presidential adviser on international investment, said a downgrade could drive investors to move funds elsewhere.<\/p>\n

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\n READ MORE: <\/span>Fitch puts Euroclear on downgrade warning over Russian assets
\n <\/a>\n <\/p>\n

The first hearing in the Euroclear case at the Moscow Arbitration Court is set for January 16. The regulator has sought closed-door proceedings, but Russian media report that the claims total nearly 18.2 trillion rubles, or around $230 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Moscow has pledged to widen arbitration proceedings over the freezing of its sovereign funds beyond Belgian-based depository Euroclear Russia has said it will expand its lawsuit over frozen assets beyond Belgian-based depository Euroclear to include European banks that also hold the funds. Kiev’s Western backers froze $300 billion in Russian…<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":11187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/11404"}],"collection":[{"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/comments?post=11404"}],"version-history":[{"count":2,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/11404\/revisions"}],"predecessor-version":[{"id":11406,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/11404\/revisions\/11406"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/media\/11187"}],"wp:attachment":[{"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/media?parent=11404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/categories?post=11404"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/tags?post=11404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}