The Path to “Defrosting” Will Not Be Quick
Yevgenia Obukhova The Path to “Defrosting” Will Not Be Quick The National Settlement Depository (NSD) is trying to challenge the complete blocking of foreign assets that belong to Russian investors: foreign stocks and bonds totaling about 6 trillion rubles. Operations with them – including the receipt of coupons and dividends – became impossible for Russians in early March, when the depositories Euroclear and Clearstream stopped…