EU Freezes Russian Assets Amid Ukraine Conflict

Moscow court upholds Russian Central Bank's claim against Euroclear. Euroclear must pay 18.2 trillion rubles in damages for frozen assets. EU froze 210 billion euros of Russian assets in 2022 after Ukraine invasion. Euroclear holds 193 billion euros of seized funds. Euroclear plans to appeal after lawyers argued for fair trial. Central Bank calls Euroclear's actions unlawful. EU borrowed 90 billion euros to fund Ukraine, avoiding frozen assets due to retaliation risks
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