О некоторых вопросах функционирования учетной системы рынка ценных бумаг Российской Федерации в условиях санкционных ограничений

Abstract

The article analyzes the main functions and tasks facing the central depository in the Russian Federation, as well as its interaction with international depositories under sanctions restrictions. Special attention is paid to the largest European depositories — Belgian Euroclear and Luxembourg Clearstream, which since the beginning of March 2022 have blocked securities and cash in various currencies on the accounts of the National Settlement Depository, which led to problems related to the disposal of securities and receiving payments on them. The author investigates the impact of increasing sanctions pressure of foreign states on the national securities market, and also describes the prospects for unblocking national assets. The article describes what problems have arisen among the subjects of legal relations arising during the cross-border circulation of securities in the conditions of sanctions restrictions.