Brussels has granted Russia's securities depository a general license to release funds that belong to non-sanctioned investors The Belgian Finance Ministry on Thursday authorized the release of “certain frozen funds and economic resources” that belong to Russian investors, by granting a general license to Russia's National Settlement Depository (NSD). The assets in question had been blocked due to EU sanctions against the NSD earlier this year. According to a statement on the ministry’s website, Belgium’s settlement and clearing system Euroclear is to release the funds to the NSD, but only if they belong to Russia
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