Investors may lose money in the struggle to unlock assets

Russian investors who are trying to recover compensation for assets frozen in the West have begun to incur real losses. The Moscow Arbitration Court rejected a private investor's claim against the Belgian depository Euroclear, ignoring his demand to unlock securities worth $9 million.

In an active lawsuit: investors are suing en masse due to the unblocking of their funds

What are the chances of Russians getting access to the securities suspended in Euroclear

Although the court of first instance had previously decided to recover the full amount of damages from Euroclear, the appeal changed its approach: now the court considered that ownership of the assets was not a sufficient basis for compensation. The freezing, according to the court, is not equal to the loss — the securities remain in the investor's ownership, but are temporarily unavailable.

Instead of the requested $ 9 million, the court decided to pay the investor only $ 21.5 thousand — income from securities. Legal expenses and fees exceeded the amount he was eventually awarded. Moreover, the losing party may be required to reimburse Euroclear's legal costs, which can reach several million rubles.

Experts warn that a similar outcome can be expected for other Russians who have filed lawsuits against Euroclear. The legal practice is not in their favor.

Read more in the exclusive Izvestia article:

All income is recorded: investors are losing money in the struggle to unlock assets