A view shows the arbitration court building where a hearing is set to be held on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087583

Representatives of parties attend a hearing on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), at the arbitration court in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087582

Lawyer Maxim Kulkov attends a hearing on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), at the arbitration court in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087581

Representatives of parties attend a hearing on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), at the arbitration court in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087573

Representatives of parties attend a hearing on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), at the arbitration court in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087572

Representatives of parties attend a hearing on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), at the arbitration court in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087571

Representatives of parties attend a hearing on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), at the arbitration court in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087570

Lawyer Maxim Kulkov attends a hearing on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), at the arbitration court in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087569

Representatives of parties attend a hearing on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), at the arbitration court in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087568

Representatives of parties attend a hearing on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), at the arbitration court in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087567

Representatives of parties attend a hearing on the Central Bank of Russia's lawsuit against Brussels-based Euroclear on the recovery of losses in 18 trillion rubles (approximately 224 billion U.S. dollars), at the arbitration court in Moscow, Russia. Euroclear, a central player in Europe's financial system, houses 193 billion Euro in frozen Russian assets that the EU wants to use to finance aid to Ukraine.

16.01.2026#9087563