Moscow court backs central bank bid for immediate enforcement against Euroclear

MOSCOW, May 26 (Reuters) - A Moscow arbitration court has upheld an application by the Russian central bank for the immediate enforcement of a ruling in its case against Euroclear, Euroclear's lawyers said on Tuesday.

On May 15 a court in Moscow upheld the Russian central bank's claim for damages from Euroclear related to the freezing of assets worth 18.17 trillion roubles ($252.38 billion).

Under Russian law, a court may order immediate enforcement of a judgment - at the claimant's request and where justified - if any delay could lead to significant losses or make enforcement impossible.


($1 = 71.9955 roubles)


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