MOSCOW, May 26. /TASS/. The Moscow Arbitration Court has granted the Bank of Russia’s motion to enforce a court decision in a lawsuit against Euroclear. This was reported to journalists by Maxim Kulkov and Sergey Savelyev, the lawyers representing Euroclear.

However, according to them, the hearing on the motion was scheduled at extremely short notice.

"It was scheduled just two days ago, which deprived us of defense," they noted.

TASS sent a request to the Bank of Russia.

About the case

In December 2025, the Bank of Russia filed a lawsuit against Euroclear in the Moscow Arbitration Court for 18.2 trillion rubles ($252 bln), amid the European Union's plans to use frozen Russian assets to finance Ukraine. This amount includes frozen funds, the value of blocked securities, and lost profits.

The Bank of Russia stated that the procedure for enforcing the court ruling using the defendant's assets, including those located in foreign jurisdictions--both friendly and unfriendly--will be determined after the court's decision enters into force.

On May 20, 2026, the Bank of Russia filed a motion with the Moscow Arbitration Court to immediately enforce the judgment in the 18.2 trillion ruble ($252 bln) lawsuit against Euroclear.

The Bank of Russia is also considering the possibility of protecting its interests in international courts and arbitration tribunals, with subsequent enforcement of the decisions of such courts in UN member states.

The EU and G7 countries have frozen approximately €300 billion of Russian assets. Approximately €180 billion is held in the Belgian depository Euroclear. The European Commission is seeking approval from EU member states to use Russian assets for Ukraine.

However, the EU has failed to agree on a "reparations loan" to Ukraine using frozen Russian assets.