Euroclear Eases Ban on Settling Trades With Some Russian Bonds
- Belgium-based giant to vet bonds on ‘ISIN by ISIN basis’
- Move won’t affect bond payments that still go into C-accounts
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Euroclear Bank SA, which operates the world’s biggest bond settlement system, has partially eased a ban on trades involving some Russian sovereign debt.
More than twenty Russian securities — including a €1.75 billion ($1.9 billion) government bond due in 2025 and three ruble-denominated sovereign notes, one of which is inflation-linked and matures in August this year — can now be settled freely, according to a Euroclear statement from June 12 that was sent to clients and seen by Bloomberg News.