🚨 Russia Demands $230B Back from Euroclear 💰
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.
🔹 The Moscow Arbitration Court is expected to rule in favor of Russia, which could allow enforcement in other jurisdictions.
🔹 On Dec 12, the EU agreed to indefinitely freeze the Bank of Russia’s European assets, clearing the way for potential use in Ukraine aid.
🔹 Russia has called the EU’s plan illegal and reserved the right to protect its interests by all means.
The next few weeks could be pivotal for global financial tensions. 🌍💥