Russia sues Euroclear for $230 billion over frozen assets
Russia's central bank just took Euroclear, a Belgium-based securities depository/clearinghouse, to court in Moscow, demanding $230 billion in damages.
This all started after the EU froze Russian state assets held by Euroclear following the Ukraine invasion in 2022.
Now, with EU leaders planning to use those funds to help pay for a huge loan to Ukraine, Russia is pushing back—hard.
Why should you care?
This isn't just about money—it's a big test of trust between global financial players.
Russia calls the freeze "theft" and has threatened to fight it in courts worldwide, warning that moves like this could make investors rethink using European banks or even the euro itself.
With over 100 lawsuits now hitting Euroclear from Russian entities, the outcome could shake up how safe countries feel about keeping their money in Europe.