Today, December 12, 2025, Russia's central bank condemned the European Union's recent efforts to tap into its frozen assets as illegal and in violation of sovereign immunity principles.
In a parallel move, the bank announced it has filed a lawsuit against Brussels-based Euroclear in a Moscow court. The complaint accuses Euroclear of obstructing Russia's ability to manage its holdings of funds and securities.
The clash follows EU sanctions imposed earlier this year, which resulted in the freezing of billions of dollars in Russian reserves. As global tensions simmer, this legal battle underscores the complex interplay between politics and international finance.
Analysts warn that the outcome could establish a landmark precedent for how frozen assets are handled under international law, with implications for governments, investors, and financial institutions worldwide.
For global citizens and business leaders, the case serves as a powerful reminder of how legal strategies can shape economic relations and influence the stability of the interconnected global economy.
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Russian central bank says EU plans to use its assets are illegal
cgtn.com
