Sberbank filed a lawsuit with the Moscow Arbitration Court against Euroclear Bank for 665.6 million rubles. This follows from the materials of the case file. The essence of the claims is not disclosed.
In July 2023, a group of Russian investors filed the first class-action lawsuit against European settlement depository Euroclear Bank. The plaintiffs were eight people, in addition to the commercial bank Energotransbank.
In total, 40 claims were filed with Russian arbitration courts against Euroclear in the amount of more than 200 billion rubles. Among the plaintiffs are MTS Bank, the Bank for Reconstruction and Development of the Urals with a claim of $69.3 million, as well as Energia-Invest with a claim of $1.6 million and others.
One of the Russian investors, whose assets were frozen in the Belgian depositary Euroclear, managed to unlock $2 million.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
