Loading ...Russia Sues Euroclear Over Frozen Assets- Gold Up Over $50
On Thursday, EU agreed to keep Russian assets frozen indefinitely without requiring unanimous renewal every six months, a move designed to prevent potential vetoes by Hungary or Slovakia.
The lawsuit comes as the EU is advancing a plan to potentially use income from these frozen assets to help finance Ukraine’s defense and reconstruction, including backing large loans. Russia has condemned such plans as illegal and a violation of sovereign immunity of assets.
Legal Implications
- Russia has also signaled it may challenge EU asset-use plans in other international jurisdictions and warned of possible countermeasures.
- Euroclear has indicated it’s prepared to defend itself in these legal proceedings.
https://www.scottsdalemint.com/articles/2025/gold-up-50-russia-sues-europe-over-frozen-assets/
AND
Russian Central Bank Sues Euroclear As EU Tries To Ram Through Assets Seizure
A well-timed shot across the bow as Belgium has cold feet…
Belgium Gets Cold Shoulder Ahead Of Russian Asset Confiscation
Belgium appears outnumbered and the EU seems poised to approve the measure.
https://www.zerohedge.com/markets/belgium-gets-cold-shoulder-ahead-russian-asset-confiscation
As they should. The EU is a failed project.