politics

March 4, 2026

Bank of Russia challenges regulation that blocks transfer of assets before EU court

The EU regulation violates the basic and inalienable rights to access justice, inviolability of property, and the principle of sovereign immunity of states and their central banks, guaranteed by international treaties and European Union law

Bank of Russia challenges regulation that blocks transfer of assets before EU court

TL;DR

  • The Bank of Russia claims an EU regulation violates fundamental rights like access to justice and property inviolability.
  • The regulation is also accused of violating the sovereign immunity of states and their central banks.
  • Russia alleges procedural violations in the EU regulation's adoption, bypassing required unanimity.
  • The EU and G7 have frozen approximately 300 billion euros in Russian assets, with 185 billion euros held by Euroclear.
  • The Bank of Russia has filed a lawsuit against Euroclear for 18.2 trillion rubles ($226 billion).

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