Central Bank: permissions from European authorities to unlock assets do not guarantee their return to investors
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The fact that the Belgian and Luxembourg authorities have given the National Settlement Depository (NSD) permission to unlock Russian assets does not mean that Russian investors will be able to dispose of them. The Central Bank warns about this.
“The tight deadlines, the vagueness of the wording in the permits and the complexity of the unblocking procedure do not give confidence that Western regulators are ready to ensure the right of Russian investors to dispose of their property,” website Central Bank. Representatives of the regulator recommend that investors wait for notifications about the release of assets from their brokers and depositories.
On December 20, NSD received permission to unlock foreign assets from the Luxembourg Ministry of Finance, and on December 22, from the Belgian Treasury. The transfer of data on blocked assets is handled by Clearstream and Euroclear depositories.
Yesterday, December 27, the Bank of Russia appreciated the prospects for the return of blocked assets as “extremely low”. At the same time, the regulator noted that the assets have not yet been confiscated.
On the prospects for unfreezing assets – in the material “Kommersant FM” “Assets are preparing to unfreeze”.
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