Euroclear has filed a complaint with the Moscow Arbitration Court against the immediate enforcement of a ruling to recover RUB18.2 trillion ($256bn) under a lawsuit by Russia's central bank, on May 30, citing a source familiar with the proceedings.

The complaint against immediate enforcement of the recovery order was filed this week, the source said.

The Bank of Russia filed the lawsuit against Euroclear in December 2025 for RUB18.2 trillion, amid European Union plans to use frozen Russian assets to finance Ukraine.

The sum covers frozen funds, the value of blocked securities and lost profits. At the regulator's request, the court closed the proceedings against the Belgian depository to the public.

The central bank said the procedure for enforcing the ruling using the defendant's assets, including those in foreign jurisdictions, would be determined after the decision entered into force. On May 20, it filed a motion with the court for immediate enforcement of the judgment.

The Bank of Russia is also considering protecting its interests in international courts and arbitration tribunals, with subsequent enforcement of any decisions in UN member states.

The EU and G7 countries have frozen about €300bn of Russian assets, of which around €180bn is held at Euroclear.

The European Commission is seeking approval from member states to use the assets for Ukraine, though the bloc has failed to agree on a reparations loan to Kyiv using the frozen funds.