Belgian Court lifts seizure of Russian assets
12th June 2017
The Brussels Court of First Instance has lifted the unlawful seizures of Russian property in Belgium, made in 2015 by the Yukos oligarchs.
On 12 June 2017 the Brussels Court of First Instance has lifted the unlawful seizures of Russian property in Belgium, made in 2015 by the Yukos oligarchs. The seizures involved buildings and bank accounts on Belgian soil, some of which belonged to the Russian Federation. As a result the Yukos oligarchs no longer have a valid seizure claim against the Russian Federation. The Belgian court also ruled that the oligarchs may neither initiate, uphold or pursue enforcement proceedings against the Russian Federation