The Central Bank of Russia filed a lawsuit with the Court of Justice of the European Union in Luxembourg on March 3, 2026, contesting the EU regulation of December 12, 2025, which imposes a permanent freeze on Russian assets. This EU decision is directly linked to the war in Ukraine and the union's plans to use the frozen funds to provide Ukraine with an interest-free loan of €90 billion (approximately $13.04 billion USD) during 2026-2027. The loan is to be repaid by Kyiv after receiving compensation from Russia. The final decision on this matter at the EU summit was hindered by opposition from Belgium. The lawsuit represents an escalation in the legal and financial confrontation between Russia and the EU, with direct consequences for financing Ukraine's reconstruction and the fate of the frozen Russian assets.
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