Summary: The Bank of Russia is suing Euroclear in Moscow over frozen state assets, threatening a global campaign of retaliation if the EU uses the funds. Russia seeks damages equal to the frozen assets and lost income, warning of legal challenges in all available jurisdictions. The EU is considering using the assets to back a loan for Ukraine, a move Belgium opposes due to potential financial and legal consequences.

Link: https://www.theedgesingapore.com/news/russia-ukraine-crisis/russia-says-its-suing-euroclear-moscow-frozen-assets