Euroclear warehouse stopped accepting rubles for payment and blocked account with ING Bank
MOSCOW, February 8 – RIA Novosti. European depository Euroclear stopped accepting the Russian ruble as the settlement currency and blocked an account at ING Bank. Web site companies.
“We refused to accept the Russian ruble as our settlement currency… and blocked our account with ING Bank,” Euroclear said in a statement. said. According to the report, customers are no longer allowed to transfer rubles to ING Bank.
Euroclear announced that not only rubles will be accepted into an account with ING Bank, but also in all other ruble accounts held on behalf of Euroclear. The message states, “In the event of this (sending money to ruble accounts – ed.) we will not take any responsibility as the payments will not be considered received”.
The company also said that ruble balances that can be converted to another currency will be converted to euros on February 8.
In early June, the European Union included the Repository of National Reconciliation (NSD) on its sanction lists as part of the sixth package of sanctions against Russia, after which Switzerland joined the restrictive measures. As a result, in addition to the securities and funds of Russian customers in various currencies that have been blocked in NSD’s accounts with Euroclear and Clearstream since March, funds in euros and francs held in accounts of NSD with foreign correspondent banks were also blocked.
At the end of last year, NSD obtained general licenses to unlock assets in Euroclear and Clearstream, expiring on January 7, 2023.
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