TheMarker: Elbert Nazaretsky Rakov &Co. is helping Israeli companie...
TheMarker, Hebrew-language daily business newspaper published by the Haaretz Group in Israel, have published an article about our…
December 22, 2022, Russian National Settlement Depository, the main depository of foreign securities in Russia, previously sanctioned by EU, has received a license from Belgium Ministry of Finance (Service Public Fédéral – Finances) to unblock all the non-sanctioned investors’ assets.
Earlier, we have informed you that Luxembourg have also issued a temporary unblock of financial assets held by National Settlement Depository for a period until January 7, 2023 in order necessary to terminate or move all operations and the assets of non-sanctioned investors.
The licenses for National Settlement Depository are necessary for its European clearing partners, Euroclear and Clearstream, to unblock the assets of non-sanctioned investors and allow their transfer to non-sanctioned depository.