politics
April 14, 2026
Bank of Russia disputes freeze of assets by EU
The Bank of Russia demands cancellation of the decision to freeze sovereign assets and payment of legal costs by the EU Council
TL;DR
- The Central Bank of Russia disputes the freeze of its assets by the EU Council.
- The Bank claims the EU Council infringed upon its powers and violated EU laws and procedures.
- The lawsuit asserts that Article 122 TFEU was an incorrect legal basis, and Article 215 TFEU should have been used, requiring unanimity.
- The Bank of Russia is demanding the cancellation of the asset freeze and payment of legal costs.
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