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Reuters
Reuters
Business

Luxembourg authorises some frozen Russian assets to be unblocked

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine)

MOSCOW (Reuters) - Luxembourg's finance ministry on Tuesday said it had authorised the release of certain frozen funds or economic resources held at the Clearstream settlement house by Russia's National Settlement Depository (NSD).

The general licence issue should allow non-sanctioned Russian investors to transfer assets from the NSD, Russia's domestic paying agent that was sanctioned by the European Union in June, to other locations.

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