Permits issued by the international clearing systems Euroclear and Clearstream to unblock some assets of Russia’s National Settlement Depository (NSD) do not guarantee that Russian investors will be able to recover them, the country’s central bank said in a statement on Wednesday.
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Last week, the Belgian and Luxembourg finance ministries authorized the release of “certain frozen funds and economic resources” that belong to non-sanctioned Russian investors, by granting a general license to the NSD. A number of banks had their funds blocked in the NSD due to EU sanctions imposed against the depository earlier this year.
