Reuters: Euroclear sues Russia’s central bank to block a €220B damages claim over frozen assets, calling the Moscow ruling unlawful and unenforceable

The dispute stems from Western sanctions imposed after Russia’s invasion of Ukraine, which led to the immobilisation of large volumes of Russian sovereign and private assets held through Euroclear. Russian courts have since issued rulings seeking compensation, but Euroclear argues these judgments are unlawful under international law and cannot be enforced in Belgium or the EU…