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2025-12-15 17:56:06
[A $230 Billion Legal Battle Erupts: Russia-EU Asset Dispute May Crack Financial Markets] ⑴ The Central Bank of Russia has filed a lawsuit in a Moscow court against the European Bank for Clearing and Settlements (Euroclear), seeking $230 billion in damages. This is its first legal counterattack against the EU's plan to use frozen Russian assets to support Ukraine. ⑵ The EU plans to use approximately €210 billion of frozen Russian Central Bank assets to provide loans to support Ukraine's military and civilian needs in 2026 and 2027. ⑶ Russian President Vladimir Putin's investment envoy, Kirill Dmitriev, warned that the EU's move undermines property rights and will damage international investors' confidence in the euro and the EU financial system. ⑷ This unprecedented battle for sovereign assets may not only trigger a series of complex transnational legal disputes but also have a long-term and profound impact on the security of the international reserve system, the credibility of European financial centers, and the safe-haven logic of global assets.
