It allows investors to transfer bonds to Russian deposit accounts and present them to issuers for exchange.
The Belgian depository Euroclear resumed settlements on 10 Eurobonds of Russian companies from December 2. This was reported by RosSMI.
It is noted that the depository has sent a corresponding notification to its clients. Its authenticity was confirmed by the General Director of the European broker Mind Money, Yulia Khandoshko, and Irina Rotachkova, a lawyer from the compliance and sanctions law practice of BGP Litigation. The list includes Eurobonds of Rusal, Russian Railways and Evraz.
The release explained that it allows investors to transfer bonds to Russian deposit accounts and present them to issuers for exchange.
Previously, Euroclear temporarily suspended settlements to review compliance with the new sanctions. After review, it was determined that there were no violations.
Let’s recall that in Russia, the bankruptcy of one of the largest chip manufacturers, the company Angstrem (Zelenograd), began. It was a landmark for the Russian Federation, but, despite billions in government funding, it went bankrupt.
Source: korrespondent
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