Sberbank explains its claim against Euroclear for 665 million rubles – Kommersant
[ad_1]
Sberbank (MOEX: SBER) filed a claim with the Moscow Arbitration Court against the European depositary Euroclear Bank due to the unlawful retention of funds in correspondent bank accounts, the credit institution told RIA Novosti. On a claim demanding the recovery of 665.6 million rubles from the depository. became known yesterday, October 2.
In 2022, the European Union imposed sanctions against the National Settlement Depository (NSD). Following this, the European depositories Euroclear and Clearstream stopped operations with NSD. As a result, the assets of Russian investors were frozen.
As Kommersant reported, in September the first public example of unlocking assets abroad appeared in practice based on a collective application submitted by a management company – for 250 clients for a total of more than $33 million.
Read more in the Kommersant article. “Defreezing by the whole team”.
[ad_2]
Source link
