Clearstream
LeaveRussia detail: Suspension
Clearstream is a financial services company that specializes in the settlement of securities transactions and is owned by Deutsche Börse AG. It provides settlement and custody as well as other related services for securities across all asset classes.
Business in Russia
Euroclear is trying to undermine the procedure for exchanging Russian Eurobonds from Clearstream for replacement bonds. From Friday 11/08/2023, it stopped transferring a number of Russian corporate Eurobonds to his system, and precisely those that were replacing - Gazprom, Lukoil, Borets, Sovcomflot, as well as preparing them - Polyus and TMK.
Decision trail
Decision date 29/06/2023 · Reference ↗
Clearstream Banking S.A., Luxembourg (CBL) has fully written off the receivables of the Russian National Settlement Depository (NRD, part of the Moscow Exchange Group) in the amount of EUR 134 million as of December 31, 2022, as CBL no longer expects the repayment of the debt from the NRD, it is stated in annual report of Deutsche Börse Group, which includes Clearstream. Clearstream Banking informs clients holding positions in ADR and GDR programmes with Russian underlying equities that the processing of new instructions to convert voluntarily or to cancel holdings has been suspended until further notice.
Status history since 2022
- 03/08/2026 — suspended · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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