Non-sanctioned Russians unlikely to recover assets in EU

The Russian regulator says it has no confidence Western institutions will safeguard investors’ rights to use their unblocked funds Permits issued by the international clearing systems Euroclear and Clearstream to unblock some assets of Russia’s National Settlement Depository (NSD) do not guarantee that Russian investors will be able to recover them, the country’s central bank said in a statement on Wednesday. Last week, the Belgian and Luxembourg finance ministries authorized the release of “certain frozen funds and economic resources” that belong to non-sanctioned Russian investors, by granting a general license

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Last updated : 28 Dec 2022 clock 05:16 PM

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