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Bank of Russia Challenges EU Asset Freeze Over Ukraine

3/3/2026

35 7 Full Breakdown

Summary

Story summary

Bank of Russia, Russia's central bank, filed a suit with the European Union (EU) General Court challenging the asset freeze tied to Ukraine.
Bank of Russia argues EU actions violate protections and sovereign immunity.
Assets valued at €210 billion are immobilized under EU measures.
EU measures require Russia to cease hostilities and pay reparations before funds are released.
The European Commission says the war has disrupted the EU economy.

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Story summary

Bank of Russia, Russia's central bank, filed a suit with the European Union (EU) General Court challenging the asset freeze tied to Ukraine.
Bank of Russia argues EU actions violate protections and sovereign immunity.
Assets valued at €210 billion are immobilized under EU measures.
EU measures require Russia to cease hostilities and pay reparations before funds are released.
The European Commission says the war has disrupted the EU economy.