Bank Of Russia Says Filing Lawsuit With Moscow Court Against Euroclear Depository
Bernama
The Bank of Russia is suing Euroclear in Moscow court to recover losses caused by the depository's actions.Summary
The Bank of Russia announced on Friday that it has filed a lawsuit with the Moscow Arbitration Court against Euroclear depository. The claim seeks to recover losses incurred by the regulator due to what it describes as “illegal actions” by Euroclear. According to the Bank of Russia, these actions prevented them from properly disposing of their funds and securities. The lawsuit also references mechanisms considered by the European Commission for the use of the Bank of Russia’s assets without its consent. The bank stated that it is pursuing legal action to address the financial harm caused by Euroclear’s conduct.
(Source：Bernama)