The Central Bank of Russia has filed a lawsuit for damages of 230 billion dollars against Euroclear, challenging the EU's plans to use frozen Russian assets to support Ukraine.

The Central Bank of Russia has opened a lawsuit in Moscow, seeking damages of 230 billion dollars from Euroclear, in the context of the European Union's plans to use frozen Russian assets to support Ukraine. The EU intends to use approximately 210 billion euros from these assets to guarantee loans for Ukraine's military and civilian needs in 2026 and 2027.

Russia considers these actions illegal and has warned that the use of its sovereign reserves would amount to theft, undermining trust in central banks. If the Central Bank of Russia wins the lawsuit, it could seek the forced execution of Euroclear's assets in jurisdictions deemed friendly. Additionally, the EU's plans have generated controversy, with bankers warning that the confiscation of sovereign assets could create a dangerous legal precedent.