Russian court upholds $250B frozen-assets ruling against Euroclear; depository to appeal
Published 1 d ago9 sourcesEvidence: Reported
Vasiliy Peganov, a Russian businessman now residing in Moscow, argues in a UK court that sanctions made transfers from Russia 'practically impossible', complicating a £30mn divorce settlement. The case highlights the legal and financial friction sanctions impose on cross-border asset transfers, potentially setting a precedent for similar disputes. The outcome remains uncertain as the court weighs the impact of sanctions on personal financial obligations.
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