Moscow Arbitration Court upheld Zarubezhneft’s claim against Euroclear. According to the arbitration dossier, $58 million, or about 4.98 billion rubles, was recovered from the international depository.
There is currently another ongoing lawsuit against Zarubezhneft against Euroclear, but for a much smaller amount – only 104.9 million rubles.
Last month, Moscow Credit Bank (MCB) filed The case against Euroclear. The amount of claims exceeds 11 billion rubles. Currently, there are more than a hundred claims against the European Depository by individuals and legal entities in Russian courts.
Meanwhile, Euroclear continues to make money from its blocked Russian assets. For the first quarter alone, the depositary’s interest income reached For comparison, the site’s total interest income during that period was €1.95 billion, so most of the income came from the frozen assets of the Russian Federation.
Russia had a record before increased international reserves.