RUSSIA SEEKS $230 BILLION IN DAMAGES FROM EUROCLEAR OVER SEIZED ASSETS

Russia's central bank has filed a lawsuit in Moscow seeking $230 billion in damages from Euroclear, marking the first step in what the Kremlin has warned will be a legal nightmare for the EU over plans to use frozen Russian assets to support Ukraine.

The European Union wants to tap part of the roughly 210 billion euros worth of Russian central bank assets frozen in Europe after Moscow invaded Ukraine in 2022 to back a loan for Kyiv's military and civilian needs in 2026 and 2027.

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