WorldBelgian State Council rules Treasury refusal to unblock BCS bank assets unlawful
Belgium’s State Council ruled that the Treasury unlawfully refused to unblock Russian BCS Bank’s assets held at Euroclear and annulled the decision rejecting the bank’s request. The EU and G7 have frozen about €300 billion in Russian assets, including roughly €185 billion held at Euroclear. Russia’s central bank has sued Euroclear for 18.2 trillion rubles.
Belgian State Council rules Treasury refusal to unblock BCS bank assets unlawful