Reuters article on the unblocking of funds by Euroclear

Reuters published an article today on the unblocking of funds by Euroclear.

This unblocking of funds is essentially part of an asset swap. Under Russian legislation NSD used the money in Euroclear's type C account to pay / compensate Russian investors for dividend and bond payments that were frozen in NSD's account in Euroclear. Now Euroclear is using these frozen funds to compensate Western investors for the money NSD took out of Euroclear's type C account in Russia.

We will post a more extensive post on the Telegram channels over the coming days.