The Central Securities Depository (CSD) of Kazakhstan said on July 11 that it had ordered brokers and management companies to divest Russian securities from their holdings by August 1. The CSD's press service said the move was necessary to adhere to U.S. sanctions imposed on the Moscow Stock Exchange (MSE) and its structures. In June, the United States and Great Britain imposed sanctions on several major financial structures in Russia, including the MSE, the National Clearing Center, and the National Settlement Depository, which act as intermediaries in trading dollars on the Russian currency market. The sanctions were the latest measures taken in response to Russia's aggression against Ukraine. To read the original story by Current Time, click here.
Kazakhstan Orders Local Funds To Divest Russian Securities Over Sanctions
Kazakhstan's National Bank (file photo)