Russia sues Euroclear over frozen assets
Legal challenge is first shot across the bows as Brussels aims to use funds for €90bn loan to Ukraine
Legal challenge is first shot across the bows as Brussels aims to use funds for €90bn loan to Ukraine

Proposal for ‘reparations’ funding for Ukraine using immobilised Russian assets would be seen as ‘confiscation’

Euroclear has been thrust into the spotlight by the EU’s failed plan to use cash on its balance sheet to assist Ukraine

Kyiv and European allies seek to strengthen their hand as Washington-led peace talks reach critical phase

Money to be borrowed against bloc’s budget after leaders fail to agree on proposal using Moscow’s funds

Choices for Ukraine funding set out in commission document drafted after failure to agree plan last month

Lenders concerned they could be at significant risk of potential lawsuits from Moscow