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U.S. Fund Sues Russia in D.C. Court for $225.8 Billion Over Imperial Bonds

The case seeks to tap frozen Russian reserves to satisfy any judgment, tying century‑old bond claims to current disputes over blocked assets.

Overview

  • The complaint names the Russian state, the National Wealth Fund, the Finance Ministry and the Central Bank as defendants in the U.S. District Court for the District of Columbia.
  • Court records show the defendants must respond by January 29, 2026, following the last procedural order issued in November.
  • Noble Capital asserts it is the successor owner of Russian Empire bonds sold to U.S. investors and demands that obligations be honored.
  • The fund asks the court to allow enforcement using frozen Russian assets held abroad, with more than €200 billion reported at Euroclear under EU and G7 measures.
  • Russian commentary in state media disputes the legal basis, as an expert labels the claim a publicity effort and notes Soviet-era annulment of imperial debts, while the central bank pursues a separate suit against Euroclear.