The Bank of Russia intends to recover losses from asset blocking from EU banks

The Central Bank of the Russian Federation will recover damages from European banks in court due to the unlawful blocking and use of its assets. The corresponding statement was published on December 18 on the regulator's website.

"The Bank of Russia, in accordance with its previously stated position on ensuring the protection of its interests, announces that it will recover losses from European banks in the Russian arbitration court due to the unlawful blocking and use of its assets, in the amount of illegally held assets and lost profits," the regulator said.

The news is being updated.