MOSCOW (Reuters) -An arbitration court in Moscow has recovered some $105.4 million in damages from Belgium’s Euroclear following a lawsuit filed by a former division of Russia’s largest lender Sberbank, the RIA state news agency reported on Wednesday.
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 in May that the lawsuit by First Asset Management, the former Sberbank division, had been partially satisfied.
Euroclear did not immediately respond to a request for comment.
(Reporting by Reuters; Writing by Lucy Papachristou; Editing by Richard Chang)
