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NSD is the CSD of the Russian Federation, and was assigned CSD status by the Russian Federal Financial Markets Service in 2012. It is the largest securities depository in Russia by market value of equity and debt securities held in custody, which in June 2022 were 70 trillion roubles ($1.12 trillion). [1] It is a member of the Moscow Exchange ...
Another Moscow Exchange subsidiary, National Clearing Centre (NCC), is Russia's largest clearing center and is the Central Counterparty (CCP) across all Moscow Exchange markets. [ citation needed ] In reaction to the 2022 Russian invasion of Ukraine, the European Association of CCP Clearing Houses (EACH) suspended National Clearing Centre from ...
The NSPK is the operational and payment clearing center of the Fast Payment System (FPS). The system itself was launched in Russia on January 28, 2019. [50] Russians started using FPS in offline and online stores in 2019 as well. The first payments via FPS in various services began almost simultaneously. [51] [52] [53]
Russia is set to widen its power to retaliate for Western asset seizures with new legislation that could allow it to confiscate the frozen funds of foreign companies and investors, two sources ...
Russian President Vladimir Putin on Monday signed a national budget for the next three years that increases spending by around 25% and reportedly devotes a record amount to defense as the the ...
U.S. Secretary of State Antony Blinken on Thursday said that the Russia-related national security threat that came to light this week was not an "active capability," adding that Washington is ...
Within days of the Russian invasion of Ukraine in February 2022 western countries moved to freeze Russian central bank funds in these countries. [1] [a] In March 2023 (prior to the destruction of the Kakhovka Dam) a joint assessment was released by the Government of Ukraine, the World Bank, the European Commission, and the United Nations, estimating the total cost of reconstruction and ...
White House Middle East envoy Steve Witkoff on Sunday said he would travel to Saudi Arabia later in the day with National Security Advisor Mike Waltz for talks on how to end Russia's war on Ukraine.