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Euroclear does not want to give Russian billions of euros

The Euroclear building in Brussels. Photo: Adrian Grycuk / Wikimedia Commons

The largest European depository Euroclear appealed in court against the recovery of 200 billion euros at the suit of the Central Bank of the Russian Federation. This was stated by his representative in court, lawyer Maxim Kulkov.

"I can confirm that we filed a complaint this week," Kulkov said, quoted by RIA Novosti.

The assets of the Central Bank were frozen after the SMO began on Ukraine. Their main volume — according to the Central Bank, about 200 billion euros, taking into account lost profits — is stored in Euroclear.

As reported by EADaily, bailiffs forcibly recover more than 25 billion rubles from Euroclear Bank. This was reported by RIA Novosti with reference to the materials of the FSSP.

Since October 2024, 47 enforcement proceedings have been initiated against the company to collect this amount. The basis was the writ of execution and orders issued by the Arbitration Courts of Moscow, St. Petersburg and Tatarstan.

Recall, the Moscow Arbitration Court on May 15 fully satisfied the claim of the Central Bank to Euroclear, collecting losses from the defendant in seven currencies totaling about 200 billion euros. Five days later, the Ninth Arbitration Court of Appeal on the claim of First Management Company JSC demanded about 32 billion rubles more from the Belgian Euroclear Bank.

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