Euroclear faces a Russia-linked damages ruling over frozen assets; it operates Europe's major central securities depository and holds Moscow assets in Europe.
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.