00:00The Russian central bank has filed a lawsuit against the European Union for the indefinite immobilization of its sovereign assets,
00:08which the bloc approved in a bid to strengthen its leverage in ongoing talks to end the war in Ukraine.
00:14The legal action was submitted to the EU's general court in Luxembourg last Friday,
00:19but it was announced on Tuesday morning in a short press release.
00:23The European Commission dismissed the lawsuit.
00:26This claim comes in a context of a growing number of Russian legal challenges concerning our support measures for Ukraine.
00:35Therefore, we are, of course, not surprised.
00:38As regards our position, we are fully confident about the legality of this regulation and its compatibility with EU law
00:46and international law.
00:47The assets are worth about 210 billion euros across the bloc.
00:52The majority, 185 billion euros, is held at Euroclear, a Brussels-based depository already sued by Moscow.
01:01The regulation that is being challenged was agreed by member states in December amid intense negotiations
01:06to provide Ukraine with 90 billion euros in fresh assistance.
Comments