Euroclear

President Vladimir Putin signed a decree on Nov. 8 offering a way for Russian investors to "swap" their frozen assets abroad with the frozen assets of foreign companies in Russia.

Since the conflict in Ukraine, Western countries have introduced a barrage of sanctions against Moscow, blocking its banks from making international payments and freezing Russian assets abroad.

This was then followed on February 25 by some ominous-sounding comments from Orban's chief of staff, Gergely Gulyas, who in response to journalist enquiries about the viability of the IIB admitted that "it's in an extremely difficult situation [and] I don't know if it's possible to save the bank."

Russia is on the brink of its first debt default since 1998 as the Sunday deadline to make a $100 million interest payment seems certain to be missed.

Russia has the money and is willing to pay, but sanctions make it impossible to get the payments to international creditors.

International central securities depository Euroclear Bank will give swap and deposit services for domestic debt securities of the Turkish government.

Turkey has agreed with Euroclear to improve accessing capacities of non-residents to Turkish lira, euro, dollar and gold denominated bonds, the country's Treasury and Finance Ministry announced on June 8. 

economy,

Mali expects that this will be realized by the end of the year.
"We are negotiating intensively and I think we will be admitted to Euroclear in the next couple of weeks, i.e. by the end of the year, which will further increase the demand for our securities", Mali told reporters.

Authorities in Belgium have discovered the disappearance of 10 billion euros of frozen Libyan assets kept in the Euroclear Bank during the period 2013 to 2017, according to the Le Vif magazine.

Le Vif magazine said these funds were controlled by the inner circle of ousted and killed Muammar Gaddafi.

Some €10 billion of Libyan government funds, frozen as part of sanctions against the late Muammar Gaddafi's inner circle, has mysteriously disappeared from a Belgian bank somewhere between 2013 and 2017, according to local media.

The European Central Bank released a press statement announcing that the first group of securities depositories and their user communities from Greece, Malta, Romania and Switzerland are now connected to the T2S for settlement of euro transactions: Read the full statement: