Last Monday, Euroclear removed suspension from several securities with RU-ISINs. These securities include 5 sovereign Russian bonds, and 16 ISINs corporate debt and equity securities. During the week more ISINs linked to Russian sovereign bonds have been unblocked in Euroclear.

 Last Monday, Euroclear removed suspension from several securities with RU-ISINs. These securities include 5 sovereign Russian bonds, and 16 ISINs corporate debt and equity securities. During the week more ISINs linked to Russian sovereign bonds have been unblocked in Euroclear.

Internal settlement for almost 100 Russian domestic securities has been stopped by Euroclear/Clearstream back in November 2022. This suspension was triggered by Russian Federal Law No. 319-FZ which allowed holders of Russian domestic securities to forcefully transfer their holding from a foreign nominee custodian (such as Euroclear) to the account opened in their name in NSD. 

It took nearly 6 months for Euroclear to reconcile records for these sovereign securities. Starting from 12^th June 2023, Euroclear conducts operation checks for each suspended ISIN and if the security has been fully reconciled and not subject to asset freeze – such security will be allowed for internal settlement via Free-of-Payment instructions.

OFZs/sovereign bonds unblocked to date include:

ISIN	Ticker	Bid	Ask
RU000A0JU4L3	RFLB 7 08/16/23	Call desk for prices
RU000A101CK7	RFLB Float 04/24/24	Call desk for prices
RU000A0JV4L2	RFLB Float 01/29/25	Call desk for prices
RU000A0JVMH1	RFLBI 2 ½ 08/16/23	Call desk for prices
RU000A103MX5	RFLBI 2 ½ 03/17/32	Call desk for prices
RU000A0ZZVD8	RUSSIA 2 ⅞ 12/04/25	Call desk for prices
RU000A0JXTT7	RUSSIA 4 ¼ 06/23/27	Call desk for prices
RU000A0ZYYP9	RUSSIA 4 ⅜ 03/21/29	Call desk for prices
RU000A0JXU22	RUSSIA 5 ¼ 06/23/47	Call desk for prices

It is important to note that in case of new reconciliation break or other operation criteria no longer being met, such securities will be frozen again until further notice.

If you are still holder of these securities and consider selling before any further possible restrictions are placed, please call our desk for further details and prices.