Kazakhstan begins compulsory segregation of financial instruments of citizens of Russia and Belarus

The Central Securities Depository of Kazakhstan has begun segregating financial instruments of citizens of Russia and Belarus as part of the requirements of the international clearing centers Euroclear and Clearstream. About it says in the material RIA Novosti.

The Kazakh broker Halyk Finance emphasized that the matter concerns securities that are not denominated in tenge and pass through Euroclear and Clearstream. In addition, for holders from Russia there may be delays in transactions made on the Kazakh stock exchange KASE.

Clearing centers Euroclear and Clearstream issued requirements in connection with the anti-Russian sanctions of the European Union. The segregation procedure implies the separation of investors’ money from the capital of the management company.

Formerly Ambassador of Kazakhstan to the United States Yerzhan Ashikbaev stated that Astana does not intend to contribute to the circumvention of Western sanctions. He also stressed that the country’s authorities remain committed to compliance with restrictions.