The Moscow Arbitration Court denied Rostselmash the arrest of $ 20.7 million on the accounts of Euroclear Bank and NSD
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The Moscow Arbitration Court refused the Rostov Combine Plant Rostselmash LLC, which demanded to arrest the funds of the National Settlement Depository (NSD) and the European depository Euroclear Bank on its accounts opened with NSD. Rostselmash asked to seize $20.7 million. According to the court file, the decision was made on August 3.
IN definition The court stated that Rostselmash Combine Plant LLC did not substantiate the need to seize the funds by “specific factual circumstances”. “For the court to take interim measures, it is not enough only the subjective fear of a person about the future impossibility or difficulty of enforcing a court decision or about causing damage to the applicant. The applicant’s arguments at the moment are of a conjectural nature,” the ruling says.
The grounds for the claims are not specified in the court materials. The court brought Rosbank to the case by a third party. Preliminary hearings are scheduled for October 4th.
At the end of July, eight Russian investors and Energotransbank filed claim to the Moscow Arbitration Court. They demanded to recover a total of 2 billion rubles. from the Euroclear depository as a refund of the value of blocked assets and the recovery of accrued but not received amounts.
In 2022, the European depositories Euroclear and Clearstream blocked the accounts of NSD, due to which some of the securities of Russian investors were frozen. Bank of Russia appreciated the amount of blocked Russian assets on NSD’s accounts with foreign depositories is 6 trillion rubles.
Read more about whether there are chances of unlocking funds from Euroclear and Clearstream in the Kommersant FM article. “Investors make a claim”.
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