Belgium's Supreme Administrative Court recently ruled that the Belgian Ministry of Finance lacks corresponding legal authority and has no authority to refuse to unfreeze the assets of Russian BCS Bank frozen in the European Settlement Bank. However, the ruling did not require immediate unfreezing of BCS Bank's frozen assets, and it is currently unclear whether the bank can retrieve the relevant assets.

Belgium's Supreme Administrative Court recently ruled that the Belgian Ministry of Finance lacks corresponding legal authority and has no authority to refuse to unfreeze the assets of Russian BCS Bank frozen in the European Settlement Bank. However, the ruling did not require immediate unfreezing of BCS Bank's frozen assets, and it is currently unclear whether the bank can retrieve the relevant assets.