Lawsuit against the Belgian deposit company Euroclear
Russian judicial sources revealed that the value of the lawsuit exceeded $18 \text{ trillion Russian rubles}$, which is equivalent to approximately $227.9 \text{ billion dollars}$ according to the current exchange rate.
The figure is equivalent to about one-third of Belgium’s $2024 \text{ GDP}$, as the size of the Belgian economy last year was nearly $664.6 \text{ billion dollars}$.
The Russian Central Bank had filed a lawsuit last Friday against the Belgian deposit company “Euroclear,” in a step aimed at recovering frozen assets and lost profits.
The lawsuit was filed in the Arbitration Court in the city of Moscow, and the lawsuit includes a demand by the Russian Central Bank for all Russian assets frozen with “Euroclear,” in addition to the gains and lost profits resulting from the seizure and freezing of these assets.
It is worth noting that about $300 \text{ billion euros}$ of Russia’s foreign reserves have been frozen since the start of the special military operation, more than two-thirds of which are held in Europe, including $180 \text{ billion}$ held by “Euroclear.”
Source: RT
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