{"id":3532,"date":"2025-12-19T12:23:20","date_gmt":"2025-12-19T13:23:20","guid":{"rendered":"http:\/\/www.youtubexyoutube.com\/?p=3532"},"modified":"2025-12-19T13:47:15","modified_gmt":"2025-12-19T13:47:15","slug":"russia-ups-legal-risk-for-european-banks-over-frozen-assets","status":"publish","type":"post","link":"http:\/\/www.youtubexyoutube.com\/index.php\/2025\/12\/19\/russia-ups-legal-risk-for-european-banks-over-frozen-assets\/","title":{"rendered":"Russia ups legal risk for European banks over frozen assets"},"content":{"rendered":"

Moscow has pledged to widen arbitration proceedings over the freezing of its sovereign funds beyond Belgian-based depository Euroclear<\/strong><\/p>\n

Russia has said it will expand its lawsuit over frozen assets beyond Belgian-based depository Euroclear to include European banks that also hold the funds.<\/p>\n

Kiev\u2019s Western backers froze $300 billion in Russian central bank assets under Ukraine-related sanctions, around half of it held at Euroclear, but failed on Thursday to approve the use of the assets as collateral for a \u2018reparations loan\u2019 to finance Kiev\u2019s collapsing economy and military.<\/p>\n

Some EU members intend to raise \u20ac90 billion for Kiev through common debt, passing the cost of financing Ukraine to the taxpayers. Russia, which has condemned the freeze as \u201ctheft,\u201d<\/em> said last week it is suing Euroclear for damages caused by its \u201cinability to manage\u201d<\/em> the assets.<\/p>\n

As EU leaders were attempting to back the \u2018reparations loan\u2019 plan on Thursday, the Bank of Russia announced in a statement: \u201cIn view of the ongoing attempts by EU authorities to illegally seize and use the Bank of Russia\u2019s assets\u2026 [it] will claim damages from European banks in a Russian arbitration court for the illegal blocking and use of its assets.\u201d<\/em>\u00a0<\/p>\n

\n Read more<\/strong><\/span><\/p>\n

\n \"RT\"
EU\u2019s plan to steal Russian assets for Ukraine fails<\/a><\/figcaption><\/figure>\n<\/blockquote>\n

The move is aimed at \u201cprotecting its interests,\u201d<\/em> the regulator said, noting that the claim will cover all illegally withheld assets and lost profit.<\/p>\n

The EU earlier dismissed Moscow\u2019s lawsuit against Euroclear as \u201cspeculative,\u201d<\/em> but some legal experts<\/a>\u00a0and officials warn it could damage the bloc\u2019s financial institutions if it spreads beyond Russia, triggering lengthy cross-border litigation, reputational harm, and risks to the EU\u2019s investment climate.<\/p>\n

Shortly after the case was filed, Fitch Ratings put the depository on watch for a possible downgrade, citing legal and liquidity risks. Kirill Dmitriev, the Russian presidential adviser on international investment, said a downgrade could drive investors to move funds elsewhere.<\/p>\n

\n
\n READ MORE: <\/span>Fitch puts Euroclear on downgrade warning over Russian assets
\n <\/a>\n <\/p>\n

The first hearing in the Euroclear case at the Moscow Arbitration Court is set for January 16. The regulator has sought closed-door proceedings, but Russian media report that the claims total nearly 18.2 trillion rubles, or around $230 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Moscow has pledged to widen arbitration proceedings over the freezing of its sovereign funds beyond Belgian-based depository Euroclear Russia has […]<\/p>\n","protected":false},"author":1,"featured_media":3534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts\/3532"}],"collection":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/comments?post=3532"}],"version-history":[{"count":2,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts\/3532\/revisions"}],"predecessor-version":[{"id":3536,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts\/3532\/revisions\/3536"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/media\/3534"}],"wp:attachment":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/media?parent=3532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/categories?post=3532"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/tags?post=3532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}