Business · Companies · 11 hrs ago
Bank of Russia seeks seizure of documents at Euroclear
The Bank of Russia asked a Belgian court to seize Euroclear documents.
It wants a bailiff sent to the depository’s headquarters in Belgium.
The regulator alleges Euroclear colluded with the European Commission and the Council of the EU to obstruct the judicial system.
About €210 billion in Russian assets have been blocked at Euroclear since 2022.
Euroclear is a financial depository that holds securities and handles related transactions.
The case concerns Russia’s blocked assets and the dispute over how they are held.
The court’s response to the request is not stated.
The Bank of Russia asked a Brussels court to order the seizure or provision of documents from Euroclear, according to reports citing Belgian newspaper L’Echo.
The regulator suspects Euroclear colluded with the European Commission and the Council of the EU, according to Vedomosti.
The dispute concerns EU sanctions-rule changes adopted on July 23, 2026, which Vedomosti said affect efforts to enforce Russian court rulings outside the EU.
The Bank of Russia says the changes were intended to protect Euroclear in its legal dispute with the regulator.
Euroclear holds 210 billion euros in Russian assets blocked since 2022, according to TASS.
- Who
- The Bank of Russia and Euroclear, a Belgium-based depository.
- What
- The Bank of Russia asked a Brussels court to order documents seized or provided by Euroclear. It alleges collusion with EU institutions.
- When
- The report was published on November 5, 2026. The request concerns Euroclear’s interactions with EU institutions during summer 2026.
- Where
- Brussels, Belgium, at the headquarters of Euroclear.
- Why
- The Bank of Russia seeks documents about Euroclear’s interactions with the European Commission and the Council of the EU, which it suspects colluded with the company over EU sanctions rules.
This story does not have two clearly opposing sides.
The EU adopted sanctions-rule changes that, according to Vedomosti, allow European courts to bar claimants from seeking enforcement of Russian court rulings outside the EU.
A Russian court postponed consideration of Euroclear Bank’s appeal in a case over about $105 million in favor of Sberbank to November 23.
A Russian court rejected Euroclear Bank’s appeal in a case involving about 200 billion euros in claimed damages.
Reports said the Bank of Russia asked a Brussels court to order documents seized or provided by Euroclear.
- Russian regulator
- Bank of Russia
- Company
- Euroclear, a Belgium-based depository
- Blocked Russian assets
- 210 billion euros, since 2022
- EU sanctions-rule changes
- Adopted July 23, 2026
- Court request location
- Brussels, Belgium