NSD expects to receive permission in Oct from Finance Ministries of Belgium, Luxembourg for unblocking of unsanctioned investors' assets

MOSCOW. Oct 7 (Interfax) - The National Settlement Depository (NSD, included in the Moscow Exchange Group) sent requests for general licenses to the Finance Ministries of Belgium and Luxembourg for the unblocking of the assets of all unsanctioned investors in September after coordination with Euroclear and external European consultants, and expects to receive general permission in October.

This information was reported by the Investor Protection Club, which is going to hold an extraordinary session on October 12 to discuss the procedure for receiving individual investor licenses in accordance with the comments of the European Commission of October 6 and in keeping with the request filed by NSD with the Finance Ministries of Belgium and Luxembourg on October 6 for the issuance of general licenses for unblocking assets.

According to the European Commission's comments published as part of the new sanctions package on Thursday, the authorities of some EU countries can allow transactions needed for closing contracts and agreements by January 7, 2023 which were concluded before the imposition of sanctions against NSD on June 3, 2022.