Bank Of Russia Says Filing Lawsuit With Moscow Court Against Euroclear Depository

MOSCOW, Dec 12 (Bernama-Sputnik/RIA Novosti) -- The Bank of Russia said on Friday that it had filed a statement of claim with the Moscow Arbitration Court against the Euroclear depository for recovery of losses caused to the regulator, reported Sputnik/RIA Novosti.

"In connection with the illegal actions of the Euroclear depository causing losses to the Bank of Russia, as well as in connection with the mechanisms officially considered by the European Commission for the direct or indirect use of the assets of the Bank of Russia without the consent of the Bank of Russia, the Bank of Russia is filing a claim with the Moscow Arbitration Court against the Euroclear depository for recovery of losses caused to the Bank of Russia," the bank said in a statement.

Euroclear's actions caused harm to the Bank of Russia due to the inability to dispose of its funds and securities, the regulator said.

--BERNAMA-SPUTNIK/RIA NOVOSTI