Holders of Russian Debt Gain Easier Path to Payment at Euroclear

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The headquarters of Euroclear in Brussels.A path is clearing for European holders of Russia’s foreign currency bonds to recover payments immobilized by international sanctions since the 2022 invasion of Ukraine.Euroclear Bank SA has eased its rules for payments linked to frozen Russian securities, allowing certain transactions benefiting foreign, non-US investors to proceed without authorization from the US Treasury’s Office of Foreign Assets Control, according to a person familiar with the matter, who asked not to be identified as the information wasn’t made public. The Belgium-based clearing house made the change after consulting with authorities, the person added.