MOSCOW: A court in Moscow ruled in favor of the Russian Central Bank in its lawsuit against Euroclear, the Brussels-based clearing house that holds the bulk of Russian assets frozen by the European Union, Russian media reported Friday. The lawsuit sought to recover 18.2 trillion rubles ($249.7 billion) in damages incurred when Russia was barred from managing and disposing of its Euroclear funds and securities, according to reports.

A Moscow court has ruled in favor of Russia’s Central Bank in its lawsuit against Euroclear, the Brussels-based clearing house that holds the bulk of Moscow’s frozen assets in…

MOSCOW: A court in Moscow ruled in favor of the Russian Central Bank in its lawsuit against Euroclear, the Brussels-based clearing house that holds the bulk of Russian assets…