08.06.2023, 07:40
Russia has frozen European assets worth hundreds of billions of rubles
Source: OREANDA-NEWS
OREANDA-NEWS As a mirror measure, Russia froze the assets of the international depositories of the Belgian company Euroclear and Luxembourg's Clearstream for a total amount of about 229.1 billion rubles (2.6 billion euros). This is written by Forbes with reference to the company reports for 2022.
According to the Euroclear report, at the end of 2022, 188.5 billion rubles and 28.9 billion rubles were blocked on accounts of type "C" and "I", respectively. The Clearstream summary shows the total value of funds frozen in Russia in the amount of 134.1 million euros (approximately 11.7 billion rubles).
Earlier it was reported that the Russians are preparing a class action lawsuit against the European depositories Euroclear and Clearstream, so that they unlock assets abroad. Russian investors expect to get their funds back by collecting the assets of foreigners who invested in the country's securities. This money was mirrored in the national settlement depository (NSD) in response to Western sanctions.
According to the Euroclear report, at the end of 2022, 188.5 billion rubles and 28.9 billion rubles were blocked on accounts of type "C" and "I", respectively. The Clearstream summary shows the total value of funds frozen in Russia in the amount of 134.1 million euros (approximately 11.7 billion rubles).
Earlier it was reported that the Russians are preparing a class action lawsuit against the European depositories Euroclear and Clearstream, so that they unlock assets abroad. Russian investors expect to get their funds back by collecting the assets of foreigners who invested in the country's securities. This money was mirrored in the national settlement depository (NSD) in response to Western sanctions.
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