Russia Files Lawsuit Against Euroclear: 258 Billion Euros Frozen

Legal Process from the Bank of Russia Against Euroclear

The Bank of Russia has announced that it will initiate an important legal process regarding the Russian assets frozen by Euroclear. In a statement, the bank emphasized that Euroclear had engaged in illegal actions against the Bank of Russia.

258 Billion Euros in Assets Frozen

In Belgium, 258 billion euros worth of Russian assets have been frozen. Of this amount, 65 billion euros consists of frozen assets, while 193 billion euros are related to the immobilized transactions of the Bank of Russia.

Discussions Ongoing on Loans to Ukraine

The European Commission is working on using Russia's frozen assets as collateral for loans to Ukraine. In this plan, it is expected that Ukraine will only repay the loan if Russia pays war reparations.

Belgian Demands for Legal Grounds and Risk Sharing

Belgian Prime Minister Bart de Wever requests the clear establishment of legal grounds as well as risk sharing for the use of immobilized Russian assets as collateral for the loans to Ukraine.

To Be Discussed at the EU Leaders' Summit

This important issue will be addressed at the EU Leaders' Summit scheduled for December 18 in Brussels.