Euroclear resumed settlements on securities of a number of non-sanctioned companies from Russia – Kommersant

The Euroclear international depository resumed settlements on local shares of some Russian companies that were not subject to sanctions, as well as on Eurobonds, and expanded the list of traded OFZs. How to clarify RBC Investmentsthe list includes such issuers as Gazprom, Gazprom Neft, LUKOIL, Norilsk Nickel, Mechel, Moscow Exchange, Inter RAO, Magnit, Aeroflot, AFK Sistema, Segezha , MTS, M.Video, Detsky Mir, Beluga, and other securities with the identification code RU ISIN.

In total, the letter from Euroclear, which the publication has read, indicates 137 Russian local securities, which became available for settlements in Euroclear Bank on June 26. We are talking about calculations in the outer perimeter. According to the announcement, the depositary has resumed free settlement of Russian securities, which do not require reconciliation related to forced transfer laws and whose assets are not subject to blocking due to sanctions.

In addition, Euroclear noted that after the necessary checks, the list of securities for which settlements can be resumed will expand. “Euroclear Bank will continue to evaluate and check the list of suspended securities and may resume settlements on additional securities that comply with standard operational checks,” RBC Investments quotes excerpts from the depositary’s letter.

Earlier, Kommersant was told in Delcredere that its clients (a bank in the top 100 and a top manager) received the first permission to unlock assets in Euroclear from the Belgian regulator on June 27. The name of the bank and the name of the top manager were not disclosed. The amount of unblocked assets (money from the redemption of Eurobonds) amounted to $10 million.

In 2022, Euroclear and Clearstream blocked the accounts of the National Settlement Depository (NSD), which caused some of the securities of Russian investors to be frozen. The Bank of Russia estimated the volume of blocked Russian assets on NSD’s accounts with foreign depositories at 6 trillion rubles. At the same time, according to Interfax, which refers to Euroclear reporting, income from frozen Russian assets brought the depositary €821 million last year and already €734 million in the first quarter of this year.

More details – in the material “Kommersant” “Mediocre defrosting”.

Milena Kostereva