Published by Global Banking and Finance Review
Posted on December 18, 2025
1 min readLast updated: January 20, 2026
Russia's central bank plans to sue European banks in a Russian court over the use of frozen assets to finance Ukraine, potentially escalating financial tensions.
MOSCOW, Dec 18 (Reuters) - Russia's central bank said on Thursday that it will sue European banks in a Russian court over attempts to use frozen Russian assets to finance Ukraine.
(Reporting by Reuters, Writing by Felix Light; editing by Guy Faulconbridge)
A central bank is a financial institution responsible for managing a country's currency, money supply, and interest rates. It oversees monetary policy and regulates the banking system to ensure economic stability.
Foreign currency refers to the money used in other countries, which is different from the domestic currency. It is often exchanged for domestic currency in international trade and travel.
Financial stability refers to a condition where the financial system operates effectively, allowing for the smooth functioning of financial markets, institutions, and the economy without excessive volatility or crises.
A financial community consists of individuals and organizations involved in the finance sector, including banks, investors, regulators, and financial service providers, who interact and collaborate to facilitate economic activities.
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