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Russian state depository halts operations in euros after EU sanctions -Breaking

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© Reuters. FILE PHOTO: Euro cash plunge into water on this illustration taken, Could 23, 2022. REUTERS/Dado Ruvic/Illustration

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(Reuters) – The Russian Nationwide Settlement Depository (NSD) stated on Friday it suspends operations in euros as a result of newest EU sanctions, calling the state of affairs an emergency.

The European Union has expanded sanctions towards Russia and added the NSD, which Moscow deliberate to make use of to service the nation’s Eurobonds, to the listing of sanctioned entities, an EU doc confirmed on Friday.

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