The permit issued by the country’s finance ministry is valid under the EU license and requires liquidations with frozen assets to be completed before January 7 of next year, that is, within the next two and a half weeks.
It is assumed that if the permission to unlock NSD’s assets is issued, the corresponding permission will soon appear in relation to the international depositary Euroclear.
The European Union imposed sanctions against the NRM in early June of this year. The depositary appealed this decision to the Council of the EU and through the Court of Justice of the European Union. The sanctions limited the conversion of depositary receipts of Russian companies, as a result, Russian assets worth 17.5 billion euros turned out to be “hung”.
