WorldPosted at: Nov 10 2025 2:05PM


Moscow court orders Euroclear to pay USD 85 million to Transneft

Moscow, Nov 10 (UNI/SPUTNIK) The Moscow Arbitration Court has ordered Brussels-based Euroclear Bank to pay over USD 85 million to Russian oil pipeline company Transneft, according to court documents seen by Sputnik.
The lawsuit was filed in September 2024, with hearings held behind closed doors. Although the decision was issued in July, it has only recently become public that the court fully upheld the claim. The full court ruling has not yet been published, and the case details remain confidential.
Russia’s Gazprombank and the National Settlement Depository (NSD) are third-party participants in the case. Based on the list of parties involved, the dispute appears to be related to securities owned by the plaintiff that were blocked by the defendant due to international sanctions.
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