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Russia’s Central Bank Sues EU Court Over Indefinite Freeze of $300B Assets
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Russia’s central bank filed a claim at the EU’s General Court to challenge the bloc’s indefinite freeze of its assets, according to Reuters on March 3.
The bank stated it submitted the case to the Luxembourg-based court after an EU move in December 2025. The freeze covers Russian sovereign funds held in Europe.
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The central bank estimated that about $300 billion of Russia’s part of funds were frozen by foreign countries. It said most of the assets in Europe are held at Belgium’s Euroclear .
It stated the freeze that was introduced with “serious procedural violations.” The bank argued the measure was adopted by majority vote, not unanimously as EU law requires.
The central bank also challenged an EU document published on December 12. It said the regulation “violates the basic and inalienable rights of access to justice and inviolability of property,” and breaches sovereign immunity.
The bank filed a separate lawsuit in Moscow in December, seeking $230 billion in damages from Euroclear. It linked the case to the indefinite freeze and proposals to confiscate the assets for Ukraine, which have not materialized.
Earlier, it was reported that G7 finance ministers welcomed exploring ways to use the full value of frozen Russian sovereign assets to support Ukraine—keeping those assets immobilized until Russia pays reparations—based on a G7 declaration issued the day before.
It also noted the G7 said it was ready to increase pressure on Russia if peace talks fail, and framed support for Ukraine as a top priority heading into France’s upcoming G7 presidency.
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