Moscow Court Orders Euroclear to Pay $194M to Russian Firm Silicium-2

The Moscow Arbitration Court ruled against Euroclear in a lawsuit brought by Silicium-2, marking a continued trend of Russian legal actions targeting Western financial institutions over frozen assets. It remains uncertain how the ruling will be enforced given Euroclear's lack of physical assets in Russia, but the decision increases legal risk for Western firms operating in the jurisdiction.