Russian Bank 131 has decided to challenge the EU sanctions.
Bank 131, according to the EU journal, appealed to the EU Court (case T-691/25).
The bank from the Russian city of Kazan was sanctioned by the European Union in July 2025, along with 21 other Russian banks, and is now seeking in court to annul the decision of the EU Council “restrictive measures in view of Russia’s actions destabilising the situation in Ukraine, in so far as it concerns the applicant.”
Among the bank’s arguments is the following: “The Council committed an error of assessment in concluding that the applicant is a Russian credit institution “relevant for the Russian financial and banking system”.
Immediately after the introduction of EU sanctions, the media reported that the bank had changed its beneficiary, and Dmitry Yeremeyev, the founder of FIX IT holding, withdrew from its capital and transferred his share to Alexander Magomedov, the co-founder of the credit institution.
