Euroclear has declared its readiness to defend itself in Russian courts over claims about its assets

The settlement and clearing company Euroclear has declared its readiness to defend itself in Russian courts on claims due to the blocking of Russian assets. This was reported on December 12 in the company's press service, after the Central Bank of Russia filed a lawsuit against it in the Moscow Arbitration Court.

"In general, we are ready for lawsuits in Russian courts regarding the situation with Russian assets," the press service replied to a question from TASS.

The European Commission (EC) and the Belgian government did not comment on the filed lawsuits.

Recover damages: The Central Bank files a lawsuit against Euroclear in the Moscow Arbitration Court

The illegal actions of the European depository will result in a loss of reputation for it.

Earlier in the day, the Central Bank of the Russian Federation announced that it would file a claim for damages against Euroclear in the Moscow Arbitration Court. The Bank of Russia clarified that as a result of Euroclear's actions, the regulator lost the ability to dispose of its funds and securities.

The Central Bank explained that the reason for going to court was both the actions of the depository itself and the mechanisms discussed in the EC for the direct or indirect use of the assets of the Bank of Russia without its consent.

On November 27, Russian President Vladimir Putin announced that the confiscation of Russian assets located in the European Union would have negative consequences. In particular, the Russian government, on behalf of the head of state, is developing a package of retaliatory measures.

All important news is on the Izvestia channel in the MAX messenger.