Russian court will hear central bank’s lawsuit against Euroclear on January 16

The Russian central bank is preparing to file a lawsuit against Euroclear on January 16, 2023. This legal action is related to the freezing of Russian assets within European financial infrastructure, potentially impacting liquidity and credit recovery in the Russian market. Euroclear, known for its international securities settlement services, could face significant ramifications based on the central bank's claims. As this situation unfolds, the market is likely to experience increased volatility, particularly in the currency and asset prices related to Russia. It is essential for investors to closely monitor the evolving dynamics and manage risks effectively, considering the potential impacts on the Russian ruble and other assets.