The decision is based on the fact that the Russian Central Bank's claim against Euroclear Bank is not recognized under EU law, and Euroclear "does not recognize the court’s jurisdiction"

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…