Bank of Russia sues EU in Luxembourg over asset freeze
Legal battle between Moscow and Brussels continues as bank reserves stay immobilised
The Bank of Russia has filed a lawsuit in Luxembourg against the European Union over the assets frozen by the bloc since Russia’s full-scale invasion of Ukraine.
In a statement today (March 3), the central bank said it had submitted a claim to the General Court, based in Luxembourg, to challenge the EU’s decision in December to continue immobilising around €210 billion ($243 billion) of its international reserves until Russia had retreated from and provided reparations to Ukraine.
Since Russia’s
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