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Moscow Arbitration Court Closes Hearing in Bank of Russia’s 18.2 Trillion-Ruble Suit Against Euroclear

The judge granted the regulator’s request citing banking secrecy concerns.

Overview

  • The case opened on January 16 in the Moscow Arbitration Court after the Central Bank sued Euroclear Bank.
  • The claim seeks about 18.2 trillion rubles in damages tied to restricted access to the bank’s funds and securities.
  • Judge Anna Petrukhina announced the decision to conduct proceedings in a closed session.
  • The Central Bank says the alleged losses cover blocked cash, the value of frozen securities, and lost income.
  • The dispute arises from EU and G7 freezes on Russian assets, with about €180 billion reportedly held at Euroclear, and the regulator is also considering international legal avenues.