Euroclear, one of the world’s largest financial securities transactions companies, has blocked about $27 billion worth of securities belonging to Russians, according to strategists at ITI Capital.
Frozen assets held by foreign investors reportedly exceed $85 billion.
The Belgium-based settlement and clearing organization announced the suspension of transactions with Russian securities in March. The step came amid Ukraine-related sanctions introduced against Moscow. Later, clearing house Clearstream, which is owned by Deutsche Boerse, followed suit.
The volume of assets of non-residents that were blocked in Russia’s National Settlement Depository (NSD) reportedly exceeded $85 billion, with some $48 billion of the assets being stocks, while the remaining $38 billion accounts for bonds, mainly ruble-denominated sovereign debt (OFZs).