We are aware that the Moscow Court of Arbitration has handed down a judgement favouring the Central Bank of Russia in its claim against Euroclear Bank. Euroclear strongly contests this claim, which is without merit.
This is the latest in a series of legal claims brought against Euroclear in Russia. Such claims are not recognised under EU law and Euroclear does not recognise the court’s jurisdiction. Euroclear will appeal the court’s decision.
Euroclear’s operations and financial position are unaffected by the court’s decision. The Central Bank of Russia’s assets held at Euroclear Bank remain immobilised, in line with the international sanctions.
