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Bank of Russia Challenges EU's Frozen Assets Plan

12/12/2025

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Summary

Story summary

The Bank of Russia says the European Union's plan to use its frozen assets is illegal under international law.
The Bank of Russia is suing Euroclear in Moscow over actions affecting its ability to manage funds.
The Bank of Italy emphasizes central bank independence amid tensions with the European Central Bank over gold reserves, with Italian officials aiming to clarify their stance.

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Story summary

The Bank of Russia says the European Union's plan to use its frozen assets is illegal under international law.
The Bank of Russia is suing Euroclear in Moscow over actions affecting its ability to manage funds.
The Bank of Italy emphasizes central bank independence amid tensions with the European Central Bank over gold reserves, with Italian officials aiming to clarify their stance.