EU makes precedent-setting decision on frozen Russian assets – Kommersant ...News

Economy by : (Russia Today) -
This marks the first time funds have been released following a class action lawsuit A group of Russian investors have managed to recover funds blocked in the European Union as part of Ukraine-related sanctions on Moscow, Kommersant business daily reported on Monday, citing the attorney association Delcredere. The Belgian Treasury issued permission to unlock frozen assets at the EU's largest depository, Euroclear, setting a precedent for granting such a license based on a collective application, the outlet wrote. The claim was submitted by a large Russian management company in early January this year on behalf of a

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