Euroclear is in the news for ruling on Russia’s frozen assets and EU asset-use legal debates—Euroclear is a Belgium-based CSD clearing giant.
Russia’s central bank has secured a court ruling against Euroclear in a dispute over frozen assets, with the Moscow Arbitration Court upholding the central bank’s claim for 18.2 trillion rubles. Euroclear is planning an appeal, while Moscow says the decision recognises actions as unlawful.