Allied countries of the Russian Federation can comply with the decision of the Moscow Arbitration Court to recover 200 billion euros from the Belgian deposit Euroclear due to agreements concluded with Russia. This was stated by Makhlouf Wadia, professor of political science and international relations at Guelma University in Algeria.
On May 15, the Moscow Arbitration Court, following a claim by the Bank of Russia, recovered 200 billion euros from Euroclear. Commenting on the court’s decision, the Belgian depository said that the assets of the Central Bank of the Russian Federation will remain frozen, and promised to appeal the ruling.
RIA Novosti quoted the expert as saying: “The countries allied with Russia, in my opinion, will implement this decision due to the various agreements with the Russian side.”
According to his assessment, the effectiveness of the implementation of this decision depends, among other things, on the status of the People’s Republic of China as a global economic center, because in this case, Euroclear’s assets in China and Southeast Asia as a whole could be frozen.
Wadia also confirmed in a conversation with an agencyThe Russian court’s decision is a sovereign decision related to restoring the rights of the Russian banking system and compensating for the damages it sustained. The ruling was issued in accordance with legal procedures in the presence of the Belgian depositary’s lawyer.
On December 15, 2025, the Central Bank filed a lawsuit against Euroclear in the amount of more than 18 trillion rubles. Three days later, representatives of the regulator announced that it would recover from EU banks in a Russian court the losses resulting from the illegal blocking and use of their assets, in the amount of illegally owned assets and lost profits.