Summons issued by the Noble Capital fund against the Russian state

(Excerpt — Complaint filed by Noble Capital RSD LLC in the U.S. District Court for the District of Columbia, June 9 2025)

Plaintiff: Noble Capital RSD LLC
Defendants: The Russian Federation, the Ministry of Finance of the Russian Federation, the Central Bank of the Russian Federation, and the Russian National Wealth Fund

Nature of the Action:
This civil action seeks a declaratory judgment and money damages based on sovereign indebtedness allegedly owed by the Russian Federation as successor to the Russian Empire.

Factual Allegations:
Noble Capital RSD LLC asserts that it is the legal successor and holder of sovereign bonds issued by the Russian Imperial Government in December 1916 (original principal value approximately USD 25 million, 5.5% interest).

The Complaint alleges that the Russian Federation has failed and continues to fail to honour the sovereign debt obligations of its predecessor state in breach of the doctrine of state succession. As a result, the Fund seeks recovery of principal, accrued interest, and other legal relief, on a gold-adjusted basis, totaling not less than USD 225.8 billion.

Noble Capital further requests that the Court recognize the possibility of set-off or enforcement against blocked or frozen sovereign assets of the Russian Federation held in the United States or other jurisdictions.

Jurisdictional Statement:
The action invokes the Court’s subject-matter jurisdiction under applicable U.S. law and seeks a declaratory and monetary judgment.

Prayer for Relief:
Plaintiff respectfully demands that the Court award damages and enter all appropriate orders necessary to enforce the obligations owed, including any equitable measures to ensure satisfaction of the judgment.