Overview
- The Moscow Arbitration Court confirmed receipt of the Central Bank of Russia’s claim against Euroclear on December 12 for 18,172,971,903,836 rubles, reported as roughly $229–230 billion.
- Russia’s regulator says the case seeks compensation for blocked funds, securities, and lost profits tied to reserves frozen after the 2022 invasion.
- EU leaders are expected to weigh a reparations-style financing plan that would leverage about €210 billion in frozen Russian assets, including an initial €90 billion loan for Ukraine.
- About €300 billion in Russian sovereign assets are immobilized across the EU and G7, with roughly €185 billion held at Euroclear in Belgium.
- Euroclear declined to comment and has noted it faces more than 100 lawsuits in Russia, as analysts warn Moscow could try to enforce any Russian judgment in friendly jurisdictions and EU officials discuss deterrents to such actions.