Russia Plans to File Lawsuit Against European Banks
"In connection with the ongoing attempts by the European Union authorities to illegally seize/use, without the consent of the Bank of Russia, its assets placed in EU financial institutions, including by establishing a permanent immobilization of its assets,” the central bank said in an official statement.
“The Bank of Russia, in accordance with its previously stated position on ensuring the protection of its interests, announces that it will recover damages from European banks in a Russian arbitration court due to the illegal blocking and use of its assets, in the amount of illegally withheld assets and lost profits," it added.
The statement noted that the bank had already filed a lawsuit against Belgium-based Euroclear at the Moscow Arbitration Court on Dec. 12, seeking compensation of 18.2 trillion rubles (around $229.7 billion).
The move comes after EU member states on Friday decided to "indefinitely immobilize" frozen Russian assets totaling €210 billion ($246 billion).
EU foreign policy chief Kaja Kallas emphasized that the €210 billion will remain in the bloc unless Russia provides compensation for damages caused in Ukraine during the conflict, now approaching its fourth year.
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