The Central Bank of Russia recently filed a lawsuit to challenge the EU’s decision to freeze Russian assets indefinitely. This was reported in a press release from the Russian regulator’s press office published on March 3.
On December 12, 2025, the European Union, using a special procedure for economic crises, froze Russia’s assets. This decision will remain in effect until military operations against Ukraine cease and compensation for the damage caused is paid. The restrictions pertain to the return to Russia of any Central Bank assets that have been frozen in EU countries since the start of the conflict.
These measures essentially involve using Russian assets for a “reparations loan”—a new mechanism for providing financial support to Ukraine. However, due to a lack of consensus—particularly from Belgium, where a significant portion of these funds is concentrated—the EU has not yet reached a final decision on this matter.
The Central Bank of Russia asserts that the EU regulation violates fundamental rights, including the right to property, access to justice, and the principle of sovereign immunity of central banks. These rights are protected by both international law and EU legislation. Furthermore, the Central Bank asserts that the procedure for adopting the regulation was violated—a unanimous vote was required under Article 215 of the Treaty on the Functioning of the EU, but the decision was adopted by a majority vote.
The case will be heard by the General Court of the EU, located in Luxembourg.
Additional information: If the Central Bank of Russia’s assets are used to pay compensation, this will set a precedent in international law. International lawyers are examining the details and implications of such decisions in order to develop new approaches to resolving the conflict between the two countries.
Source: АнтиКредит.