Russian investors stuck in limbo as EU mulls using frozen central bank funds
AI Summary
The EU is considering using frozen Russian central bank funds to pay war reparations to Ukraine. Additionally, millions of Russian private investors, not subject to Western sanctions, have securities held by European depositories that they are unable to reclaim. The National Settlement Depository (NSD) in Russia acted as an intermediary for foreign securities mainly held at Euroclear and Clearstream. These assets were frozen following the start of the war in Ukraine in March 2022 when Euroclear and Clearstream severed ties with NSD. Zhanna Nemtsova, co-founder of the Boris Nemtsov Foundation for Freedom, has advocated for releasing these private investors' assets. The total value of frozen Russian assets in Europe is known but specific figures on frozen private assets have not been published by either Russian or European authorities.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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