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The Independent UK
The Independent UK
National
Ap Correspondent

Moscow considers central bank’s huge $232B lawsuit against Euroclear over seized assets

Participants gather in Moscow's Arbitration Court to hold a hearing to consider a lawsuit by Russia's Central Bank against Belgium-based financial clearinghouse Euroclear in Moscow, Russia, Friday, Jan. 16, 2026. (AP Photo/Pavel Bednyakov) - (Copyright 2026 The Associated Press. All rights reserved.)

A Moscow court has commenced proceedings in a significant lawsuit filed by Russia's central bank against Euroclear, the Brussels-based clearing house. The legal action seeks to recover a staggering 18.2 trillion rubles ($232 billion) in damages.

The central bank claims these losses arose after Russia was blocked from managing and disposing of its funds and securities held by Euroclear. The case is currently being heard behind closed doors.

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