Euroclear appeals immediate enforcement of ruling in CBR lawsuit

MOSCOW. June 1 (Interfax) - Euroclear has filed an appeal against the immediate enforcement of the court ruling in the Central Bank of Russia's (CBR) lawsuit against the Belgian depository, a source familiar with the case told Interfax.

Court records show the appeal was received by the Arbitration Court of Moscow on May 29, but its details - the subject of the appeal - have not been disclosed because the case is being considered behind closed doors.

The Moscow Arbitration Court on May 26 granted the CBR's petition for immediate enforcement of the court ruling in its lawsuit against Euroclear. On May 15, the court fully satisfied the CBR's lawsuit against the depository.

The CBR filed the lawsuit against Euroclear in the Moscow Arbitration Court on December 12, 2025, seeking compensation for losses incurred due to the depository's "illegal actions," as well as officially announced European Commission plans to indefinitely freeze CBR assets and use them for the benefit of third parties.

The CBR estimated its losses on all types of assets as of December 1, 2025 at 200.1 billion euros (18.173 trillion rubles at the official exchange rate on this date).

The EU, United States and a number of other countries froze Russia's international reserves in the spring of 2022 in response to its military operation in Ukraine. The sanctions deprived Russia of access to about $300 billion in reserves. After this, Central Bank chief Elvira Nabiullina said lawsuits were being prepared in response to this.