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Russia’s National Settlement Depository says Clearstream is blocking its account -Ifx – Metro US

Russia’s National Settlement Depository says Clearstream is blocking its account -Ifx

FILE PHOTO: Illustration shows a Russian rouble banknote and a
FILE PHOTO: Illustration shows a Russian rouble banknote and a descending stock graph

(Reuters) – Russia’s National Settlement Depository (NSD) on Friday said Clearstream, one of the world’s biggest settlement systems, had informed it that it was blocking its account and waiting for a decision from regulatory authorities in Luxembourg, Interfax reported.

Clearstream and Euroclear are no longer accepting Russian assets, effectively shutting off an exit route for overseas investors.

(Reporting by Reuters; editing by Jason Neely)

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