Revealing the value of Russian securities blocked by the EU
The EU has frozen $27 billion of human securities Russia and $85 billion held by foreign investors.
Euroclear – one of the trading companies stock The world’s largest financial institution has frozen about $27 billion in Russian securities and $85 billion in assets held by foreign investors, according to strategists at ITI Capital. London, England.
Euroclear – a clearing and settlement organization based in Belgium – announced to stop trading with Russian securities in March. The move comes amid the sanctions against Russia related to Russia. Ukraine be executed.
The volume of assets of foreign investors frozen in Russia’s National Depository for Settlement (NSD) is reported to exceed $85 billion, including $48 billion in assets of sharethe remaining $38 billion is in bonds, mainly in rubles.
Analysts say that the majority of foreign asset holders in the NSD are local banks, management companies, non-state pension funds and individuals holding debt securities issued by the government. financial institutions and foreign stocks.
“There is a high probability that payments to euro bondholders in NSD and Euroclear will be made by rublein line with the plan previously announced by the Ministry of Finance, they can then be converted into foreign currency,” RT quoted ITI Capital strategists as telling the media.
According to ITI Capital, EU leaders could consider confiscating frozen assets as part of the European Union’s Russia sanctions.
Experts expect the US to introduce similar sanctions against NSDs, forcing brokers to cancel mortgages on euro assets and USD.
at Blogtuan.info – Source: laodong.vn – Read the original article here