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Posted on 01/16/2026 9:49:22 AM PST by marshmallow
Previously, Noble Capital RSD initiated legal proceedings demanding $225.8 billion based on alleged obligations under sovereign bonds issued during the Russian Empire
MOSCOW, January 16. /TASS/. The filing of a lawsuit in a US court by the American firm Noble Capital RSD against Russia for a purported payment of $225.8 billion - claimed to be for "tsarist debts" - can be viewed as an act of "legal aggression" orchestrated by Russia’s adversaries, according to Federation Council Deputy Speaker Konstantin Kosachev, speaking to TASS.
Previously, Noble Capital RSD initiated legal proceedings demanding the sum based on alleged obligations under sovereign bonds issued during the Russian Empire. The defendants listed include the Russian Federation, the Ministry of Finance, the Central Bank of Russia, and the National Welfare Fund.
Kosachev characterized this move as part of a broader strategy of "legal aggression" against Russia, suggesting that it may also be driven by internal US political forces. "I do not rule out that these could be elements within the US domestic political struggle who are betting on prolonging the conflict in Ukraine and undermining the peace initiatives of the current administration under Donald Trump. This appears to be a strategic objective," he explained.
He further noted that the tactical aim might be "to create legal risks and uncertainty surrounding Russian sovereign assets, thereby attempting to influence the negotiating positions of the US and Russia regarding Ukraine settlement talks."
Additionally, Kosachev emphasized the need for thorough verification of the plaintiff’s background. He pointed out that Noble Capital RSD is incorporated in Delaware and is purportedly the assignee and legal owner of sovereign bonds originally issued by the Russian Imperial Government to US investors. "Second, the sanctions context immediately draws our attention. The claim repeatedly references sanctions and Russia’s sovereign assets. For instance, the plaintiff asserts that 'the debt on the Russian Empire's bonds can be repaid using Russia’s sovereign assets blocked in the U.S. due to sanctions’," he added.
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Should be going after them for all the Lend-Lease stuff we gave to the Soviets during WWII.
The Chinese also sold a bunch of government bonds to Americans in the early 20th century that have never been repaid. Total present value is around 200 to 300 billion when counting interest.
They paid it, sort of. We let them off the $11 billion they owed us by accepting $700,000,000.
Suit filed 9 June 2025, by NOBLE CAPITAL RSD LLC in the US District Court, DC.
Source: Civil Action No. 25-cv-1796
Noble Capital RSD is about thirty years old, hq'd in Austin, TX, but registered through Delaware.
The complaint states: So the Russian Imperial Government ( 19th century ), replaced by the USSR ( 20th century ), replaced by the Russian Federation ( into the 21st century ), issued supposedly valid bonds based on geographical location of a succeeding government, a Pandora's Box of legalisms of all sorts could be opened up.
What is interesting is to consider "Predecessors of sovereign states" notions here, in Europe, and across the world. It is likely Noble Capital saw the EU attempts to confiscate Russian capital in EuroClear, and thought "why not?" Love to see the originals -- the bearer bonds -- and who actually holds them physically. Since the whole is based in arguments of international law, this leaves large arguments as to what "international law" one holds allegiance to, and, more importantly, which one does NOT hold allegiance to. Going to be interesting.
“this leaves large arguments as to what “international law” one holds allegiance to, and, more importantly, which one does NOT hold allegiance to. “
It is obvious that Putin makes up the law to suit him and his oligarch friends.
Well, hello there. I agree with you, in part. I see that ALL nations have sliding scales of "international law," as well as oligarchs. Moreover I wager our oligarchs are wealthier than their oligarchs. I suspect I place less trust in governments -- plural -- than do you.
maybe that 1 million ruble tsarist note I have will be worth something!
“Moreover I wager our oligarchs are wealthier than their oligarchs. “
Wealth gained by innovation, not by illegal taking as in Russia.
Strike “illegal taking” Theft by Putin and his buddies is considered “legal acquisition”.
Your term.
They’re using some of that stuff now.
This seems not to the taste of some who comment, but it becomes most entertaining to me. Perhaps to you?
A simple search for Tsarist era Russian bonds yielded odd responses:
Tsarist Russia Bond Coupons 1906 – 5% Loan – Pre-Soviet Financial Ephemera only $ 59I think we'll buy some 'cheapies,' not to add to the lawsuit but to hang with other "ephemera" as decorations and as a topic of conversation. Perhaps next to some framed Confederate bonds and some WWII currency. Ah, history and its artifacts.lot of 5 coupons of tsarist bonds of Russia. Original. 1905-1918 only $ 7
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