Belgium allowed to unfreeze part of the assets of Russian investors, which were blocked due to sanctions against the Russian National Settlement Depository (NSD), according to a statement on the website of the Belgian Ministry of Finance.
The license allowing the withdrawal of assets is valid until January 7, 2023.
The easing allows for the sale of positions that are on NSD's frozen accounts in order to terminate relations between investors and the depositary, the country's Finance Ministry said.
Previously, Luxembourg authorities allowed NSD to unfreeze funds from Russian investors on an account with the Clearstream international depository registered in this state. In Belgium, the headquarters of the Euroclear depository is located. Russian assets were blocked after the EU imposed sanctions against NSD.