FACTBOX: What is known about Bank of Russia vs Euroclear litigation

MOSCOW, May 20. /TASS/. Russia’s Ninth Arbitration Court of Appeal has ruled that the Euroclear Bank must pay approximately 32 billion rubles ($448 mln) to Management Company Pervaya (formerly Sber Asset Management) as part of a lawsuit filed by the firm, says the case file published in the arbitration case database.

Meanwhile, the Bank of Russia has appealed to the Moscow Arbitration Court to immediately enforce the ruling in its own lawsuit against Euroclear.

TASS has compiled the main facts surrounding the cases.

Court decision on Pervaya Management Company's lawsuit

- According to the case database, the appellate court partially upheld Pervaya Management Company's claims and ruled that Euroclear must pay it approximately 32 billion rubles ($448 mln). The company’s initial ask was over 184 billion rubles ($2.5 bln).