Milan, Dec. 12 (LaPresse) – The Bank of Russia has filed a lawsuit against the Belgian company Euroclear at the Moscow Arbitration Court to seek compensation for damages caused to the Central Bank of the Russian Federation over frozen Russian assets. This was reported by the regulator’s press office, as cited by Tass. The amount of the claim against the depositary bank was not specified in the statement.
“In relation to the illegal actions of the Euroclear depositary, which are causing losses to the Bank of Russia, as well as in relation to the mechanisms officially considered by the European Commission for the direct or indirect use of the Bank of Russia’s assets without its consent, the Bank of Russia is filing a claim at the Moscow Arbitration Court against the Euroclear depositary to recover the losses caused to the Bank of Russia,” the statement reads.
The central bank emphasized that the actions of the Euroclear depositary have caused damage “due to the inability to manage funds and securities belonging to the Bank of Russia.” Most of the Russian assets frozen in Europe – slightly more than 200 billion euros – are blocked on the Euroclear platform in Belgium.