The management company will, through the court, request the international custodian to release the assets of the management company’s clients. This was stated by the head of Alfa Capital, Irina Krivosheeva, according to the correspondent of socialbites.ca.
According to him, the claim was submitted to the Moscow Arbitration Court on February 14. The management company is demanding the return of 248 billion rubles, the amount of Russian funds frozen by Euroclear, as well as payment of accumulated coupons and dividends.
“We tried to follow the path of claiming rights from individuals. We have filed an administrative complaint with the (Euro) Union, but we are doing all this and will continue to do so. And here is the Russian arbitration court in Moscow, we go there and file a lawsuit against Euroclear. You are right that everyone making a claim here has a question about how and if the claim is to be secured. Doesn’t Euroclear have an office here? So it’s something our enforcement officers can pay attention to. Is this a common problem we see in the industry? Strange things are happening in regulatory policy at the moment, but we believe that the court’s decision will still be a positive factor,” Krivosheeva concluded.
Many foreign ships in 2023 approved Requests by private investors and banks to freeze Euroclear accounts.
It was known how much Euroclear acquired About Russia’s frozen assets in 2023
Previously reported Regarding the preparation of requests for the return of international reserves by the Central Bank.