Moscow, 17 September 2026
The Bank of Russia says it has asked the EU General Court to annul restrictions designed to prevent Russian court orders from being enforced abroad. It argues that the measures unlawfully interfere with its attempt to enforce a Moscow ruling against Euroclear—but the action has not yet appeared in the Court’s public register.
On 15 September 2026, the Bank of Russia filed a claim with the General Court of the European Union (a court of general jurisdiction) to challenge Article 1(28) of Regulation of the Council of the European Union No. 2026/1848, dated 23 July 2026 (hereinafter, the EU Regulation). This article introduces a mechanism allowing the courts of EU member states to prohibit Russian natural and legal persons from seeking to recognise and enforce certain orders of Russian courts in any jurisdiction, among other things.
This document is a direct attempt to intervene in the current court proceedings in Belgium and prevent the Bank of Russia from enforcing the order delivered by the Arbitration Court of the City of Moscow on Case No. А40-345157/2025 initiated by the Bank of Russia against Euroclear.
The measures set forth in the EU Regulation involve disproportionate restrictions on the protection of the Bank of Russia’s rights outside the EU, including the application of financial sanctions for breaching related injunctions.
The Bank of Russia believes that these measures contradict the principles of access to justice, legal certainty, and the sovereign immunity of states and their central banks, among other things. Additionally, the mechanism banning legal actions in any jurisdictions, introduced by the EU Regulation, is extraterritorial in nature, which cannot be considered lawful.
The Bank of Russia said it reserves all rights, claims, counterclaims, and defences available to it in connection with the EU Regulation and any other measures taken by the EU and/or its member states in relation to the Bank of Russia or its assets.
Source – Bank of Russia
Editor’s note:
The Bank of Russia’s announcement of the action has not yet been independently confirmed through the public register of the EU General Court. A case number and notice of the action had not been published at the time of publication.