Overview
- Russia faces a Jan. 29 court deadline to answer Noble Capital RSD’s suit in the U.S. District Court for the District of Columbia.
- The fund asks U.S. authorities to use frozen Russian sovereign assets to satisfy the alleged debt from repudiated imperial bonds.
- Noble Capital claims $25 million in 1916 sovereign bonds with a 5.5% coupon and seeks more than a century of accrued interest, lifting the claim above $225 billion.
- Defendants include Russia’s Finance Ministry, the Central Bank, and the National Wealth Fund, with Marks & Sokolov saying it represents Russia and disputing enforceability.
- A senior Russian lawmaker condemned the suit as “legal aggression,” while legal analysts reported by RBC view the fund’s chances as low but potentially influential for asset-policy debates.