MOSCOW (Reuters) -A Russian court has ordered the recovery of almost 15 billion roubles ($185 million) from Belgium’s Euroclear in a lawsuit filed by First Asset Management, formerly a division of Russia’s largest lender Sberbank, the Vedomosti daily reported on Friday.
International sanctions against Moscow over the Ukraine conflict have blocked many Russian investors’ access to securities held in jurisdictions outside the country, while Russian countermeasures have frozen Western funds within.
Russian court filings showed that First Asset Management’s lawsuit had been partially satisfied. Euroclear declined to comment. First Asset Management did not respond to a request for comment.
Vedomosti said the court had ordered the recovery of around 15 billion roubles in various currencies, including $161.5 million, 19.9 million euros and smaller amounts in British pounds, Australian dollars, Canadian dollars and Swiss francs.
The plaintiff’s previous effort to recover around 165 billion roubles from Euroclear was rebuffed by a previous court decision, the RIA news agency reported in April.
($1 = 80.6955 roubles)
(Reporting by Alexander Marrow and Elena Fabrichnaya; Editing by Kirsten Donovan)
