Euroclear refuses to unfreeze Russian Central Bank’s assets: what is known

MOSCOW, May 19. /TASS/. The Euroclear depository has announced that, despite the ruling of the Moscow Arbitration Court, the Bank of Russia’s assets will remain frozen at Euroclear Bank.

TASS has compiled the main facts known at the moment.

Euroclear statement

- The Euroclear depository has stated that, despite the ruling of the Moscow Arbitration Court, the Central Bank of Russia’s assets held at Euroclear Bank will remain frozen, "in line with international sanctions."

- The decision is based on the fact that the Russian regulator’s claim against Euroclear Bank is not recognized under EU legislation, and "Euroclear does not recognize the court’s jurisdiction."