Banks in Israel started to restrict accounts of russian citizens

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Date

13 Nov 2023


The largest European depository Euroclear, where most of the russian assets are blocked, has issued a "virtual ultimatum" to Israeli banks regarding citizens of the country who hold a russian passport. Euroclear suggested that banks segregate the securities held on the accounts of russian nationals.

 

If an Israeli citizen, who is even a tax resident of the country, also has a russian passport, "his assets held in Euroclear are segregated and transferred to a separate account from which the securities cannot be sold."

 

Source: The Moscow Times