Israeli banks blocking Russian assets – media ...News

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The measures have so far reportedly targeted securities linked with EU clearing house Euroclear Several leading Israeli banks have begun to segregate accounts belonging to Russian citizens or Russian tax residents, Forbes and RBK reported on Thursday, citing lawyers and financiers. According to Mark Oigman, founder of international financial company SmartGen, the measures stem from EU sanctions, in particular restrictions introduced against Russians by the Belgian-based depositary Euroclear. Last year, the clearing house blocked accounts at Russia’s National Settlement Depository (NSD), through which Russian inves

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