The claim filed with the EU’s General Court in Luxembourg contests the European Council’s regulation of Dec 12, 2025, according to a Russian central bank statement published on Tuesday (March 3). The EU intends to keep the assets immobilised until the war ends and Russia pays reparations to Ukraine. The regulation blocks any transfer of the assets for an unlimited period and prevents the Bank of Russia from using the courts to defend its rights, including enforcing any rulings or arbitration awards related to those assets, according to the central bank. It also argues that the council committed serious violations of EU procedure by adopting the regulation with a majority vote rather than unanimously. Shortly after the EU published the regulation, the Russian central bank issued a warning to the bloc, threatening to seek compensation in local courts from European lenders if it proceeded to use the frozen assets to support Ukraine.

Source: The Edge Markets March 03, 2026 07:50 UTC