Bank of Russia assets frozen in Euroclear’s Belgian warehouse due to sanctions remain blocked. About this She says In a statement from Euroclear.
The depositary described the Russian Central Bank’s claim, which was considered by the Moscow Arbitration Court, as “unfounded.”
“Such claims are not recognized under EU law; Euroclear does not recognize the court’s jurisdiction and is appealing the court’s decision. The court’s decision does not affect Euroclear’s activities and financial position. The Russian Central Bank’s assets deposited with Euroclear Bank remain frozen in accordance with international sanctions,” the depository said.
Russian assets abroad were frozen after the Russian invasion of Ukraine in 2022. A total of 260 billion euros were frozen. Most of this money (about 190 billion euros) is held in Euroclear accounts. The depository receives profits from the frozen Russian assets, and from 2024 they will be used to finance aid to Ukraine.
In December 2025, the Central Bank filed a case with the Moscow Arbitration Court against Euroclear in connection with the “unlawful actions” of the depository. The court issued a decision on May 15, 2026, in which it ordered Euroclear to recover 18.17 trillion rubles (200 billion euros) in damages.