THE COURT ISSUED A WRIT OF EXECUTION TO THE CENTRAL BANK IN A LAWSUIT AGAINST EUROCLEAR

THE COURT ISSUED A WRIT OF EXECUTION TO THE CENTRAL BANK IN A LAWSUIT AGAINST EUROCLEAR

THE COURT ISSUED A WRIT OF EXECUTION TO THE CENTRAL BANK IN A LAWSUIT AGAINST EUROCLEAR
The Belgian depository lost the battle in Moscow. An entry appeared in the file of arbitration cases stating that the court of the capital had prepared a writ of execution for the country's main financial regulator. It happened on June 2nd. The document concerns the compulsory collection of a huge sum from the Belgian Euroclear structure.

The amount of financial claims is enormous – about 200 billion euros. The decision issued on May 15 was a prerequisite for the issuance of the list. In it, the Moscow Arbitration Court (AS GM) agreed with the arguments of the Bank of Russia and decided to recover damages from the defendant. The money must be transferred in several currencies, and their equivalent is estimated at approximately the specified amount.

The regulator itself sent an application for a list back on May 27. Having this document in hand opens the way to the enforcement of the verdict. Later, after the petition of the plaintiff, the judges issued an additional decision – they turned the act to immediate execution.

However, Euroclear representatives did not accept this decision. On May 29, they filed an appeal. Moreover, the defendant's side had previously publicly stated that it did not recognize the jurisdiction of the Russian justice system in this dispute.

The root of the proceedings goes back to 2022, when, after well-known events, the Central Bank's funds were frozen. According to the regulator's calculations, the lion's share of the blocked money ended up in the Euroclear system. As a result, the total amount of damage (plus the estimated lost profits) reached 200 billion euros.

Initially, the regulator filed a claim against the Belgian depository in December 2025, demanding compensation for losses. The court decision has already been called one of the largest in a series of trials on the "freezing" of Russian assets.

The issue of blocking funds of domestic companies abroad continues to cause fierce disagreements between the parties. The Russian authorities have repeatedly warned that if European structures decide to confiscate assets, mirror measures will follow. Against this tense background, the litigation between the Central Bank and Euroclear has turned into a landmark process illustrating the consequences of the restrictions imposed on Russia.

04.06.2026