Russian invasion Sanctions

Russia sues Euroclear for $230 billion

Russia's central bank is demanding $230 billion in damages from the European financial institution Euroclear, Reuters reports, citing a lawsuit filed in Moscow.

The central bank's move comes after EU leaders decided on Friday to freeze Russian assets at Euroclear indefinitely.

Legal experts expect the Moscow Commercial Court to quickly rule against Euroclear, Reuters writes.

According to the European Commission's calculations, there are a total of 210 billion euros in frozen Russian state assets in the EU.

Kremlin after freeze: Who will want to invest in the EU?

The Kremlin has sharply criticized the EU after the Union's leaders decided to freeze Russia's assets at Euroclear indefinitely, Reuters reports.

- Which rational investor will keep his securities in Euroclear, euro or EU, when they realize that their property rights are not respected? Vladimir Putin's special envoy Kirill Dmitriev asks the news agency.

Russia has previously warned the EU that the freeze constitutes theft and undermines confidence in the euro. The Kremlin has promised retaliatory measures, for example by seizing the assets of European private investors in Russia.

Minister "irritated" over fuss over Ukraine loan

On Thursday, the idea is that EU countries will agree on support for Ukraine with frozen Russian assets. Foreign Minister Maria Malmer Stenergard (M) calls it a "fatal week for Europe", writes TT.

“I am irritated that so many countries continue to struggle,” she says on her way to a meeting with her colleagues in Brussels on Monday.

Hungary, Slovakia and the Czech Republic have already said no to using the frozen assets. Belgium has been skeptical and has the support of Italy, Bulgaria and Malta who want to seek alternatives, something that Malmer Stenergard does not believe is a possible path.