Tinkoff Investments halted euro trading, a move tied to European Union sanctions and reported by TASS. The policy shift has implications for clients who rely on euro liquidity, with withdrawals in euros remaining available.
Officials noted that euro trading would be paused starting March 27, 2023, and that euro instruments were removed from the roster of liquid assets. The decision reflects broader regulatory constraints and the evolving risk landscape facing investment platforms under sanctions regimes. The firm has confirmed that euro exposure will not be traded on its platform during the pause, while cash withdrawals in euros are still permitted under existing settlement rules. (Source attribution: TASS)
Beyond the euro market, Tinkoff Investments also announced a temporary halt to trading in foreign securities. The suspension is expected to last between one and three weeks, allowing the platform to reassess settlement processes, counterparty risk, and compliance checks under the new sanctions framework. The restart window provides time for operational adjustments and client communications, with the goal of maintaining orderly markets. (Source attribution: TASS)
As the company described, it intends to transfer foreign securities to an uncertified intermediary to mitigate blockchain-related risk and ensure continued custody, settlement efficiency, and regulatory alignment. The approach underscores the broader concerns raised by sanctions that affect cross-border asset movements and the technology choices used to safeguard transactions. (Source attribution: TASS)
Reaction from Moscow reflects a belief that the sanctions package could hamper international trade by pressuring third-country market relations. Diplomats have warned that the EU’s measures may have spillover effects, complicating financial flows and the ability of non-EU partners to engage in routine cross-border activities. The commentary emphasizes the tension between punitive measures and the practical needs of global commerce. (Source attribution: Permanent Mission of Russia to the EU comments via TASS)
Industry observers note that the sanctions package explicitly targets several large financial groups, including Alfa-Bank, Rosbank, and Tinkoff. Analysts say the move signals a broader attempt to constrain access to European markets and to expose the risk of sanctions compliance for institutions with ties to sanctioned entities. The overall landscape remains fluid, with banks recalibrating liquidity management, sanctions screening, and client communications. (Source attribution: EU official releases via TASS)