Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling Back
Euroclear
Euroclear
Euroclear is a Belgium-based financial services company that specializes in the settlement of securities transactions, as well as the safekeeping and asset servicing of these securities. It was founded in 1968 as part of J.P. Morgan & Co. to settle trades on the then developing eurobond market.
Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling BackThe Belgian Ministry of Finance began to review refusals to unlock assets in Euroclear - this was achieved by a private investor with an EU residence permit and accounts in Switzerland. In the first half of the year, the Belgian bank Euroclear received 1.74 billion euros in profit from frozen Russian assets.
The Company Statement
July 20, 2023
Euroclear Bank already: does not accept any orders for ruble transfers; does not process ruble payments that are associated with such events as receipt of income from securities or funds from redeemed securities. Euroclear helps to block the resources of sanctioned Russian companies and even earns from this because they have free resources, part of which they can even transfer to the benefit of Ukraine. Euroclear resumes settlements on several issues of federal loan bonds (OFZ) and sovereign eurobonds of the Russian Federation in euros maturing in 2025.
| September 08, 2023 | Bank Euroclear received more than 1.7 billion euros in profit from frozen Russian assets |
| August 22, 2023 | Russian investors file first class action lawsuit against Euroclear |
| August 13, 2023 | The amount of claims of investors from Russia to Euroclear exceeded 200 billion rubles |
| August 12, 2023 | Kazakhstan began to prevent the replacement of Russian Eurobonds |
| August 11, 2023 | Magnit bought back its shares from foreign minority shareholders |
| August 04, 2023 | Expobank received a license to unlock NSD's assets in Euroclear |
| August 02, 2023 | A private investor managed to unlock assets frozen in Europe |
| July 20, 2023 | Euroclear continues to deliver profitable growth |
| July 14, 2023 | Europe threatened to block Russian securities |
| July 12, 2023 | Russia's Magnit Extends Buyback Offer To Shares Held Through Euroclear |
| June 28, 2023 | It became known about the issuance of the second permission to unlock assets in Euroclear in relation to the bank and the first - in relation to an individual without a residence permit of a European country |
| June 14, 2023 | Euroclear Eases Ban on Settling Trades With Some Russian Bonds |
| April 28, 2023 | Euroclear publishes another quarter of growth in Q1 |
| February 08, 2023 | On February 8, Euroclear will forcibly convert ruble balances of customers |
| December 21, 2022 | Central Bank: Belgian Ministry of Finance did not issue a license to NSD to unlock assets |
| March 01, 2022 | Euroclear shuts off exit route for rouble bond investors |
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