Regulators in Belgium and Luxembourg have extended the deadline for submission of documents to unlock the assets of citizens not under sanctions until the end of July. This was announced by Philip Gabunia, Deputy Governor of the Central Bank of Russia. Wrote Interfax agency.
We are talking about frozen securities in European depositories Euroclear and Clearstream. European Union (EU) in June 2022 introduced Restrictive measures against the National Settlement Depot (NSD). At that time, the Russian structure was already under the sanctions (since February 2022) of international trustees Euroclear and Clearstream. Double restrictions froze some of the papers of Russian investors.
Gabunia recalled that the document filing license was initially issued for a very short period of time. The action ended on 7 January.
In the second half of February, the Telegram channel Sanctions Law, citing sources WroteThat the Belgian Ministry of Finance has sent initial responses to private Russian investors in the form of refusing requests for permission to unlock assets in Euroclear European warehouse.
In January, the RBC online edition reportedThat the Bank of Russia discovered cases of illegal deletion of foreign securities from Russian depositories abroad.