For the first time, Russian private investors filed a lawsuit against the Clearstream depository, where its assets are frozen, before the Moscow Court of Arbitration. Vedomosti writes about this with reference to a representative of the NSP law firm. The application was submitted on August 17.
The plaintiffs demanded about 200 million rubles in compensation for the value of previously frozen assets and the recovery of accumulated amounts (vouchers, bond redemptions, dividends).
According to the representative of the co-plaintiffs, another group of investors, who did not have time to join the first, could join the lawsuit. In the Russian Federation, funds from Clearstream clients have been blocked for 134.1 million euros, the depositary has canceled this amount, since it does not expect its return.
Earlier, NSP filed the same lawsuit against Belgian depository Euroclear, which also halted operations with Russia’s National Settlement Depository (NDR). The amount of claims amounted to 2 billion rubles.
In total, 13 lawsuits were filed against Euroclear for more than 200 billion rubles. Last week, MTS Bank filed such a lawsuit.
In 2022, European depositories Clearstream and Euroclear blocked NSD’s accounts, leading to a freeze on investors’ assets. At the same time, at the end of last year, the financial departments of Belgium and Luxembourg allowed restrictions on some assets to be lifted. However, in August, the Belgian treasury denied this to the Russian broker Tsifra.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
