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Russia seeks US$229 bil from Euroclear in Moscow, Tass reports

Bloomberg
Bloomberg • 1 min read
Russia seeks US$229 bil from Euroclear in Moscow, Tass reports
The Euroclear headquarters in Brussels, Belgium. (Photo by Simon Wohlfahrt/Bloomberg)
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(Dec 15): The Bank of Russia filed a lawsuit in Moscow seeking 18.2 trillion rubles (US$229 billion, or $295.46 billion) from Euroclear, the state-run Tass news service reported Monday.

The central bank said in a statement Friday that it would sue the Belgium-based depository for “unlawful actions” that make it “impossible for the bank to dispose of its funds and securities”.

The sum sought at Moscow Arbitration Court would be equal to the total amount of its frozen assets, as well as additional income lost from them, the regulator told Russian wires.

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