Euroclear faces $230-bn lawsuit after EU freezes Russian assets

Russia's Central Bank filed lawsuit against Europe's largest securities depository Euroclear, seeking over $229 billion in damages after EU froze Russian assets. Euroclear holds around $217 billion of Russia's immobilised funds that might partly be used to back loan for Ukraine's military and civilian needs in 2026-2027. "All available legal and other mechanisms" would be pursued, said the bank.