Russia’s Central Bank has filed a lawsuit against Belgian financial institution Euroclear, the Brussels-based clearing house that holds most of Moscow’s frozen assets in Europe, the bank said Friday.
It wasn’t immediately clear what the lawsuit could achieve since it was filed in Moscow.
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The European Commission, the EU’s executive branch, estimates that 210 billion euros ($247 billion) worth of frozen Russian assets are held in Europe. At the end of September, Euroclear held around 193 billion euros ($225 billion) of the money.
Russia’s Central Bank said that the lawsuit, which was filed at Moscow’s Arbitration Court, would seek to recover damages it incurred when it was barred from managing and disposing of its Euroclear funds and securities.
Euroclear declined t

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