Bank of Russia challenges European Union Council Regulation of 12 December 2025 before the court of the EU in Luxembourg
On 27 February 2026, the Bank of Russia submitted a claim to the General Court of the European Union (based in Luxembourg) to challenge Regulation of the Council of the European Union No. 2025/2600, dated 12 December 2025 (hereinafter, the EU Regulation). The claim was submitted in accordance with Article 263 of the Treaty on the Functioning of the European Union as part of the ongoing efforts to challenge the European Union’s unlawful actions against the Bank of Russia’s sovereign assets.
The EU Regulation prohibits any direct or indirect transfer of the Bank of Russia’s assets for an indefinite period and excludes the possibility of judicial protection of the infringed rights to the assets, including through the enforcement of any court decisions or arbitration awards in connection with the measures introduced by this act.
As a result, the EU Regulation violates the basic and inalienable rights to access justice, inviolability of property, and the principle of sovereign immunity of States and their central banks, guaranteed by international treaties and European Union law, which contradicts the fundamentals of the rule of law and cannot be regarded as compatible with the principle of supremacy of law.
Moreover, when approving the EU Regulation challenged, the European Union Council committed serious procedural violations, since, in particular, the EU Regulation was adopted not by unanimity of the European Union Member States but by a majority vote, bypassing the requirements of Article 215 of the Treaty on the Functioning of the European Union.
The Bank of Russia reserves all rights, claims, objections and remedies available to it in connection with the EU Regulation and any other measures taken by the European Union and/or its member States in relation to the Bank of Russia or its assets.
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03.03.2026 08.00.00