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

by Mike Robinson

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© Reuters. FILEPHOTO: This illustration, taken on March 1, 2022, shows a Russian Ruble banknote in front of an ascending stock graph. REUTERS/Dado Ruvic/Illustration

(Reuters) – Russia’s National Settlement Depository said Friday that Clearstream, the largest settlement system in the world, informed them it had blocked its account, and was waiting for a response from Luxembourg’s regulatory authorities, Interfax reported.

Clearstream and Euroclear have stopped accepting Russian assets. This effectively closes off an exit path for foreign investors.

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