Noble Capital RSD LLC has filed a lawsuit in the US District Court for the District of Columbia against the Russian Federation, the Russian Ministry of Finance, the Bank of Russia, and the Russian National Welfare Fund, demanding recognition of obligations under sovereign bonds of the Russian Empire placed with investors in the US and recovery of at least $225.8 billion from the defendants. The court documents are available here: https://ia800707.us.archive.org/35/items/gov.uscourts.dcd.281398/gov.uscourts.dcd.281398.1.0.pdf
According to the text of the complaint, the plaintiff is asking the court to issue a declaratory judgment on the principal debt and interest (adjusted for gold), as well as to recognize the possibility of “set-off” of this amount against “blocked sovereign assets of the Russian Federation” in accounts with financial institutions where such assets may be located. Claims for interim measures have also been filed – a ban on the transfer or “mobilization” of blocked assets and the appointment of an equitable receiver for the purposes of enforcement.
The case materials show that the defendants were notified of the lawsuit on October 1, 2025, and the court granted the Russian side an extension to respond to the lawsuit until January 29, 2026.
This construction (settlement through a private law dispute) can be seen as an attempt to shift the discussion of frozen assets from the realm of political confiscation to the realm of civil law mechanisms.
After February 24, 2022, some countries froze significant amounts of Russian sovereign assets. The European Union froze €210 billion, with Euroclear holding approximately €193 billion of these funds.
https://ia800707.us.archive.org/35/items/gov.uscourts.dcd.281398/gov.uscourts.dcd.281398.1.0.pdf
Noble Capital RSD LLC is a private company in the form of an LLC registered in the state of Delaware (USA). In court documents, it is described as the assignee and legal owner of a block of “sovereign bonds” placed in the United States during the Russian Empire.
