
EU Adopts 18th Sanctions Package Against Russia: Focus on Services, Circ...
restrictions not only on goods but also on a wide range of services, including technical, legal, financial, insurance,…
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.