Banks in Israel began to restrict securities transactions by Russians even with an Israeli passport. The segregation of accounts comes at the request of the Belgian depositary Euroclear, Mark Oigman, founder of the international financial company SmartGen Ltd, told RBC.
Information about the introduction of restrictions on the accounts of Russians by Israeli banks was also confirmed to Forbes by lawyer Alexander Zernopolsky. According to him, investors in Russia did not receive any official letter from financial institutions and clients learned about the risks of separating accounts by contacting the bank themselves.
According to Igor Kuznets, a partner at the ITSWM multifamily office, the decision to introduce restrictions on the accounts of Russians was made shortly after Euroclear sent a request to financial institutions in Israel to limit transactions for investors – Russian citizens. They can purchase any recorded financial instrument. stops at the depository.
Author:
Karina Pardaeva
Source: RB
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