The National Settlement Depository came under EU sanctions. Before that, Euroclear had no formal reason to block the NSD-Euroclar chain. Now there is one. For an indefinite period of time (or maybe forever) we may lose:

  • Foreign stocks and depositary receipts traded on the MosExchange
  • Eurobonds
  • FinEx funds
  • 40% of stocks traded on the SPCEX

The InvestFuture team asked NSD for comment. At the time of publication we have not received a reply.