Russian court upholds 18.2T ruble award against Euroclear to central bank

Russia's Arbitration Court of the Moscow District upheld lower court rulings ordering Euroclear to pay 18.2 trillion rubles to the Bank of Russia, escalating the legal confrontation over frozen Russian assets. The amount, far exceeding Euroclear's market value, is largely symbolic and unenforceable in practice, but signals Moscow's intent to retaliate against Western asset freezes. The ruling may prompt further legal and diplomatic responses from the EU and Belgium.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works