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Elvira Nabiullina

Elvira Nabiullina

Governor, Bank of Russia

Appears in 1 story

Notable Quotes

"Mechanisms of direct or indirect use of the assets of the Bank of Russia... are illegal." — Bank of Russia statement

Stories

Russia’s central bank goes to court against Euroclear, opening a new front in the frozen-reserves war

Rule Changes

Leading the institution escalating legal pressure over immobilised reserves

Russia's central bank sued Euroclear in Moscow on December 12, seeking €193.7 billion in damages. Six days later the plan that triggered the lawsuit—using frozen reserves to back Ukraine loans—collapsed at the European Council. Belgium refused the legal risk; the EU pivoted to a €90 billion conventional loan backed by its own budget instead.

Updated Yesterday