European regulators Clearstream and Euroclear are considering the possibility of unlocking the frozen assets of Russian investors who were not affected by the sanctions, said Vladimir Chistyukhin, first vice president of the Bank of Russia. According to him, the Central Bank hopes that “the innocent will be released” in the near future.
As Chistyukhin noted, there is no talk of changing decisions regarding the assets of sanctioned persons.
“They (Euroclear and Clearstream) are considering releasing the assets of those people who are not on the sanctions lists. That is, about all those who are under sanctions, there is no talk of any unlocking. In fact, they want to free the innocent, and I really hope that they will find the strength to do this in the near future, ”Chistyukhin told reporters at the Cybersecurity in Finance forum, TASS quoted him as saying.
Restrictions against Euroclear and Clearstream National Repository for Payments (NDR) were introduced in February 2022 due to hostilities in Ukraine. In the summer, the EU imposed separate sanctions on PDR. Because of this, part of the securities of investors from the Russian Federation was frozen.
At the end of last year, the financial departments of Belgium and Luxembourg allowed restrictions on some assets to be lifted.
Author:
Natalia Gormaleva
Source: RB
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