The Bank of Russia has filed a lawsuit with the General Court of the European Union demanding the annulment of Article 1(28) of Regulation 2026/1848 of the Council of the European Union, which allows the European courts to block the execution of decisions of the Russian authorities, writes Frank Media. According to the central bank, the Council of the European Union exceeded its powers and violated the right to private property. The regulator points out that the controversial norm was adopted solely to influence the proceedings in the Euroclear lawsuit at the Brussels Commercial Court.

The Bank of Russia has filed a lawsuit with the General Court of the European Union demanding the annulment of Article 1(28) of Regulation 2026/1848 of the Council of the European Union, which allows the European courts to block the execution of decisions of the Russian authorities, writes Frank Media. According to the central bank, the Council of the European Union exceeded its powers and violated the right to private property. The regulator points out that the controversial norm was adopted solely to influence the proceedings in the Euroclear lawsuit at the Brussels Commercial Court.