Noble Capital RSD sues Russia in U.S. court for $225 billion

 Investment fund Noble Capital RSD has filed a lawsuit in the U.S. District Court for the District of Columbia seeking to recover at least $225 billion from Russia over unpaid bonds dating back to the Russian Empire, according to a statement by law firm Marks & Sokolov, which represents Russia’s interests.

In addition to the Russian Federation, the defendants listed in the lawsuit include the Russian Finance Ministry, the Central Bank of Russia and the National Wealth Fund.

The claim seeks enforcement of obligations related to imperial-era sovereign bonds issued more than a century ago, with total claims amounting to at least $225.8 billion.

The fund proposes that the alleged debt be repaid using frozen Russian assets held abroad.

Legal experts say the lawsuit may aim to promote a private-law alternative for using frozen Russian assets in the United States rather than their political confiscation in favor of Ukraine.