On June 30 (Moscow time), according to TASS, the Central Bank of Russia said it is developing a strategy and legal protection plan against the lawsuit initiated by the Euroclear depository in Belgium.
The Russian monetary authority confirmed that it has grasped information about the lawsuit and is preparing the necessary steps to participate in the proceedings.
The Central Bank of Russia is aware of Euroclear's lawsuit in Belgium and is currently developing strategies as well as court protection measures," the agency said.
The new move comes after the Belgian newspaper L'Echo reported that Euroclear has filed a lawsuit to prevent the enforcement of the Moscow Arbitration Tribunal's ruling related to the blocked Russian assets.
According to Belgian media, Euroclear wants to invalidate the Russian court's decision to force this organization to compensate up to 18,200 billion rubles (about 231.5 billion USD).
This is considered one of the largest legal disputes related to frozen Russian assets in Europe since the outbreak of the Ukraine conflict.
Last May, the Moscow Arbitration Tribunal accepted the request of the Central Bank of Russia to enforce the ruling against Euroclear.
Previously, in December 2025, this agency officially filed a lawsuit against Euroclear, in the context of the European Union discussing a plan to use frozen Russian assets to provide financial support to Ukraine.
According to the Russian side, the compensation claim of 18,200 billion rubles includes the value of frozen assets, unable-to-trade securities and profits that Moscow believes have been lost due to blockades.
Russia said that the use of Euroclear's assets in other countries, regardless of relations with Moscow, will only be decided after the judgment takes legal effect.
Meanwhile, Euroclear believes that the enforcement of the ruling of the Russian court in Europe could create complex legal precedents and affect the international financial custody system.
Observers believe that the lawsuit in Belgium will continue to increase legal tensions between Russia and European financial institutions, and at the same time become an important test for how to handle frozen assets in the current geopolitical context.
