Russia Warns of Claims to European Banks Over Frozen Assets

Russia’s central bank issued a new warning to the European Union, saying it may seek compensation in local courts from European lenders should the bloc proceed with using assets frozen in Europe to support Ukraine.

The Bank of Russia will seek to recover “damages caused by the unlawful blocking and use of its assets, in an amount equal to the illegally withheld assets and lost profits,” it said in a statement on Thursday.