World
EU dismisses Russia’s lawsuit against Euroclear as ‘speculative’
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The European Commission has dismissed as “speculative” and groundless a lawsuit launched by the Russian Central Bank against Euroclear, the Brussels-based central securities depository that holds €185 billion in immobilised assets.
In a short statement published on Friday morning, the Russian Central Bank announced the start of legal proceedings for the “recovery of damages” and blamed Euroclear for preventing the release of the assets, which are subject to EU law.
The lawsuit was submitted to the Arbitration Court in Moscow.
The development comes with the EU still hammering out a plan to channel Russia’s sovereign assets into a zero-interest reparations loan to Ukraine, a process with Euroclear at its centre. EU leaders are meant to make a final decision when they meet on 18 December.
“Our proposal is legally robust and fully in line with EU and international law. The assets are not seized, and the principle of sovereign immunity is respected,” Valdis Dombrovskis, the European Commissioner for the Economy, said on Friday afternoon.
“We kind of expect that Russia will continue to launch speculative legal proceedings to prevent the EU from upholding international law and to pursue the legal obligation for Russia to compensate Ukraine for the damages it has caused.”
According to Dombrovskis, all European institutions that have Russian assets, from Euroclear to private banks, will be “fully protected” against Moscow’s retaliation. The EU has controlled €210 billion in assets of the Russian Central Bank since February 2022.
The sanctions regime already allows Euroclear to “offset” any potential loss, he added.
For example, if a Russian court orders the seizure of the €17 billion that Euroclear has on Russian soil, Euroclear will be allowed offset the loss by tapping into the €30 billion that its Russian counterpart, the National Settlement Depository, has stored within the EU.
Additionally, the reparations loan, if approved, will introduce a new mechanism to deal with state-to-state disputes. If Russia seizes the sovereign assets of Belgium in retaliation, Belgium will be allowed to “offset” the lossagainst the €210 billion, while Russia will not recover the amount it has seized when the assets are freed.
The Belgian factor
The legal safeguards are meant to allay the concerns of Belgium, which remains the chief opponent of the reparations loan. Belgian Prime Minister Bart De Wever has repeatedly warned of the risk a successful legal challenge could pose.
“We put forward a proposal. We are confident in its legality and its court-proof character,” a Commission spokesperson said.
Euroclear, which declined to comment, has previously criticised the reparations loan as “very fragile”, legally risky and overtly experimental.
The lawsuit comes a day after EU countries agreed to trigger an emergency clause to immobilise the Russian Central Bank assets for the foreseeable future.
Under the new law, the €210 billion will be released only when Russia’s actions “have objectively ceased to pose substantial risks” for the European economy and Moscow has paid reparations to Kyiv “without economic and financial consequences” for the bloc – a high bar that is unlikely to be cleared any time soon, if ever.
The indefinite immobilisation is meant to further placate Belgium and Euroclear in order to facilitate the approval of the reparations loan next week.
In a separate statement, the Russian Central Bank said it “reserves the right, without further notice, to apply all available remedies and protections if the proposed initiatives of the European Union are upheld or implemented”.
World
Khamenei body in cold storage as feared Basij mobilizes ahead of historic Iran funeral
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Tehran is preparing for the July 9 burial of Supreme Leader Ali Khamenei, more than four months after his death, as authorities mobilize the Basij militia and mount a massive security operation ahead of what is expected to be a “historic” turnout.
The lengthy delay to the funeral has raised questions about how Khamenei’s remains have been preserved, as Islamic tradition, anaylsts say, generally calls for prompt burial and discourages chemical embalming.
“The mechanism is almost certainly refrigerated cold storage, not embalming, as Islam bars chemical embalming,” counterterrorism expert Dr. Mohammed Omar told Fox News Digital.
MOJTABA KHAMENEI USING ‘BIN LADEN TEMPLATE’ TO SURVIVE, LEARNED FROM ABBOTTABAD: ANALYST
Iran’s Supreme Leader Ali Khamenei speaks in Tehran, Iran, on Jan 3. (Iranian Leader Press Office/Anadolu via Getty Images)
“Shia law allows delayed burial and preservation by cold in exceptional cases, and a clerical exemption for a Supreme Leader is easy to get,” he added.
“Iran’s forensic morgues already hold bodies for months, so four months in freezing is not exotic. That is what ‘religious and legal standards’ cover,” Mohammed said.
Operation Epic Fury began on Feb. 28 with a targeted U.S. strike that killed Khamenei at his compound in Tehran. He had ruled the Islamic Republic for 36 years.
“There may not be much of a body to present. Khamenei was killed by a bunker-penetration strike, and others killed with him were recovered weeks later and identified by DNA,” Mohammed explained.
“A regime holding an intact body does not cancel the farewell, shift the burial site repeatedly, and confirm that he can be buried only days out.
“It reads less like reverence and more like remains they could preserve but not display,” he said.
WAVE OF ATTACKS ON IRAN’S IRGC RAISES QUESTIONS ABOUT RENEWED KURDISH INSURGENCY
In this picture obtained from Iran’s ISNA news agency, Mojtaba Khamenei (C), son of Iran’s supreme leader Ayatollah Ali Khamenei, walks along a street in Tehran on May 31, 2019. (Hamid FOROUTAN / ISNA / AFP via Getty Images)
With that, Iranian authorities are portraying the funeral as both a farewell to the leader and a show of strength under the slogan “We Must Avenge.”
According to Iranian state media, Yaqoub Soleimani, deputy for cultural and educational affairs at the Martyrs Foundation and one of the funeral’s organizers, said Wednesday the ceremony would be conducted “with full grandeur.”
Soleimani said a turnout of 1 million people would make the event “a historical occasion” and “a national epic in the memory of the Islamic Republic of Iran.”
The schedule starts with public viewings Saturday and Sunday in Tehran. A funeral procession is scheduled for July 6, where local authorities estimate 15 million to 20 million people could attend.
Another procession is planned the following day in Qom, one of Shiite Islam’s holiest cities.
“The numbers the regime is putting out — up to 20 million mourners in Tehran, 35 million nationwide, more than 90 countries represented, 14,000 journalists credentialed — are not logistics,” Mohammed, of the George Washington Program on Extremism, said.
“They are the message. Tehran is spending everything it has to project continuity and strength because after the war both are in question.”
IRAN’S UNPRECEDENTED ‘WHOLE-REGIME’ DELEGATION AT US DEAL TALKS SIGNALS ONE GOAL: EXPERT
Islamic Revolutionary Guard Corps (IRGC) military personnel are walking along Enghelab (Revolution) Avenue as an Iranian Kheibar Surface-to-Surface missile is being unveiled during the Ela Beit Al-Moghaddas (Al-Aqsa Mosque) military rally in Tehran, Iran, on November 24, 2023. The IRGC is unveiling two new missiles during the rally. (Morteza Nikoubazl/NurPhoto via Getty Images)
According to Iran International, Tehran is also preparing a massive security operation for the funeral.
“The Basij and the IRGC running this is the story, not a detail,” Mohammed said.
“The Basij is coordinating logistics — highways turned into parking, each Tehran district assigned a province, five public holidays declared — and the Guard has crowd control.
“This is a mobilization dressed as a funeral. The same apparatus organizing the grief this week is the apparatus that put down the January protests and denied funerals to the families of the people it killed then. American readers should hold those two facts next to each other,” he added.
While senior Iraqi officials will attend the funeral, representation from other major powers will be limited.
Although Iranian President Masoud Pezeshkian personally invited Indian Prime Minister Narendra Modi, India will instead send a lower-level official delegation.
Reports on June 30 also confirmed that Georgian President Mikheil Kavelashvili will attend the ceremony.
“No major power is sending its top leader,” Mohammed said.
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“For a regime that claims to lead a front stretching from Beirut to Sanaa, a regional turnout at its founder-successor’s funeral is the isolation showing through the pageantry.
“For Washington, it is a useful readout: the war left Tehran’s axis smaller and more regional than the regime advertises,” he added.
World
‘Positive progress’ as US, Iran wrap up indirect technical talks in Doha
Tehran says a ‘communication channel’ will be established with Washington to report and discuss breaches of the MoU.
Published On 2 Jul 2026
World
Russia Approved Secret China Military Training At Top Level: Reuters
July 1 (Reuters) – China’s covert military training of Russian forces last year was personally approved by President Vladimir Putin’s defense minister and directly involved at least four Russian and Chinese generals, according to two European officials and documents seen by Reuters.
The officials said the involvement of such high-ranking individuals in training linked to the Ukraine war signaled the importance for Russia and China of such cooperation, which has caused alarm in Europe even as Beijing has denied it took place.
A classified Russian document seen by Reuters directly referred to an internal decree issued by Defense Minister Andrei Belousov in August, 2025.
It said that, in accordance with a decision by Belousov, a delegation from Russia’s armed forces travelled to China to participate in training exercises at People’s Liberation Army (PLA) facilities.
Training in Radiological, Biological, Chemical Warfare
The same report detailed one of the training courses – a three-week session focused on radiological, chemical and biological protection at a military facility in Beijing in November.
The report and a second one described and displayed images of Russian soldiers being lectured by a Chinese instructor, looking at a model nuclear reactor, and being taught about “chemical reconnaissance”, “radiation reconnaissance” and protecting ventilation systems from contamination.
The inclusion of radiological, biological and chemical warfare training underlined the strategic nature of the exchanges, one of the European officials said, noting that the topic was particularly sensitive for militaries in general.
The defense ministries of Russia and China did not respond to requests for comment for this article.
China’s foreign ministry said in a statement that its stance on the Ukraine crisis had remained consistent.
“The relevant allegations are entirely unfounded,” it added, referring to details contained in this report.
Beijing says it is neutral in Russia’s war with Ukraine, and presents itself as a peace mediator.
Maxim Shemetov/Pool Photo via AP
According to a Reuters report last month citing European intelligence agencies and military documents, China in November trained around 200 Russian military personnel, some of whom have since joined the war in Ukraine.
The Kremlin declined to comment on that report, but complained about “false information” published in the West.
European Union foreign policy chief Kaja Kallas said on June 15 that Brussels had confirmed through its own channels that the training had taken place and was now assessing the implications.
Beijing described her comments as “nothing but smears”.
EU Ponders Response To Trade Partner China
European powers, which have viewed Russia as their main security threat since the 2022 invasion of Ukraine, have watched warily as ties have grown closer between Moscow and China, the world’s second largest economy and a key EU trade partner.
For the 27-member bloc, discussion behind closed doors centers around whether further measures are needed in response to the training, given the trade priorities that traditionally shape the relationship with Beijing.
The EU has already imposed sanctions on Chinese companies that it says support Russia’s war effort.
A third official, in Brussels, told Reuters the bloc had to stop viewing China primarily through an economic lens, but focus on what Kallas called its role as a “decisive enabler of Russia’s war”.
Both of the European officials, who asked not to be named because of the sensitivity of the information, identified the signatories of a July 2 agreement underpinning the training as Russian Major General Rustam Khusainov and Chinese Senior Colonel Sun Dayun.
Andrei Kartapolov, a senior lawmaker who heads the Russian parliament’s defense committee, told Russia’s RTVI outlet that the report about the training was “complete nonsense” and that Russia’s military had nothing to learn from China.
China’s Lack Of Combat Experience
Russia has accrued extensive experience in more than four years of combat in Ukraine, while China, with a vast and technologically advanced military, has not fought a war in decades.
Internal Russian military reports seen by Reuters noted strengths and weaknesses in the training.
One report on the training in Nanjing praised the standard of the equipment, the use of simulators and the instructors’ high theoretical knowledge while specifically noting China’s lack of combat experience.
Other documents named three generals who took part.
One Russian military document seen by Reuters listed the names of every participant in all of the courses – including those of senior officers – providing rank, date of birth, affiliation and level of security clearance in each case.
Colonel General Rustam Muradov, deputy commander-in-chief of Russia’s land forces, led the Russian delegation, according to the list and a second military document seen by Reuters.
According to the latter, Chinese Major General Li Jinsun, head of the PLA’s Military Academy of Radiological, Chemical and Biological Defence, took part in the opening of one of the courses.
Russian Major General Vitaly Gerasimov took part in a course in Bengbu, according to the list.
(Editing by Mike Collett-White and Kevin Liffey)
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