The measures have so far reportedly targeted securities linked with EU clearing house Euroclear
Several leading Israeli banks have begun to segregate accounts belonging to Russian citizens or Russian tax residents, Forbes and RBK reported on Thursday, citing lawyers and financiers.
According to Mark Oigman, founder of international financial company SmartGen, the measures stem from EU sanctions, in particular restrictions introduced against Russians by the Belgian-based depositary Euroclear.
Last year, the clearing house blocked accounts at Russia’s National Settlement Depository (NSD), through which Russian investors had managed their assets held in foreign jurisdictions. Under guidance from Euroclear, if a Russian resident’s investment portfolio exceeded €100,000 ($108,000), any coupon income, dividends, or proceeds from the sale of assets linked to it were credited to a special segregated account. This deprived Russian clients of the possibility to manage their assets, and gave Euroclear a means to block them in the event of sanctions violations, Vadim Pogosyan, a partner at asset management firm Smartly, told Forbes.
The restrictions initially applied only to EU-based financial institutions which held Euroclear-linked assets, but the clearing house has since instructed its counterparties outside the bloc to comply with the requirements. Segregation measures targeting Russian accounts were previously introduced at the UAE’s NBD Bank and the Kazakhstan Stock Exchange (KASE). According to media sources, an order instructing Israeli financial institutions to segregate accounts belonging to Russians came into force on November 13.
“Israeli banks began verbally warning some of their clients – most likely many – about the risks of blocking last week. Many people last week sold everything they could sell to avoid segregation. According to my estimates, few securities were blocked, since a lot of work was done, and at least private banking clients, wealthy Russians, managed to sell assets subject to segregation,” Oigman told RBK.
According to Aleksey Kovalenko of Israel-based legal firm Kovalenko and Partners, Israeli banks are currently negotiating the details of asset segregations with Euroclear, as many account holders have duel Russian-Israeli citizenship, and permanently live in Israel.
“The Israeli side insists that those who have an Israeli passport are in fact Israelis and should not be subject to the restrictions that should affect Russians, even despite having a second Russian passport,” the lawyer stated.
However, experts have warned that Israeli banks are likely to continue the segregation procedures for the time being in order to comply with Euroclear rules.
According to Forbes sources, the Israel Discount Bank is so far the only bank in the country to have started segregating Russian assets. Other financial organizations are reportedly waiting for the end of negotiations with Euroclear and the finalized step-by-step action plan.
Meanwhile, financial experts have suggested that Russian investors should de-risk their holdings by selling assets linked with Euroclear, and should instead buy Israeli or American securities that are not connected to the depository.
https://www.rt.com/business/587391-israel-banks-segregation-russian-assets/
The Palestinian Center for Human Rights (PCHR), a leading civil rights organization, has accused Israel of carrying out “an organized and systematic practice of sexual torture” against Palestinian detainees from the besieged Gaza Strip.
PCHR said in a new report that its investigators have documented extensive sexual violence against both Palestinian women and men detained by Israeli forces across Gaza over the past two years.
According to PCHR, researchers and lawyers interviewed several Palestinians recently released from Israeli custody, who described repeated incidents of rape, forced stripping, filming of abuse, and sexual assault using objects and dogs, along with other forms of psychological humiliation.
One 42-year-old mother, detained while crossing an Israeli checkpoint in northern Gaza in November 2024, told investigators she endured repeated rape and physical abuse over several days.
“They put me on a metal table, pressed my chest and head against it, cuffed my ...
Accepting the Washington-based lender’s plan would be a “disgrace” for Dakar, the African state’s prime minister has said
Senegal has rejected a debt-restructuring proposal put forward by the International Monetary Fund (IMF). The West African country’s prime minister, Ousmane Sonko, said following the plan would amount to a national “disgrace.”
Sonko made the remarks at a rally in the capital, Dakar, on Sunday, days after the Washington-based lender concluded a two-week mission to Senegal without a new financing deal.
Senegal’s public debt has risen to over $11 billion amid the discovery of $7 billion in undeclared loans. The IMF has since frozen a $1.8 billion lending facility to the former French colony, citing misreporting and hidden debt.
Senegalese President Bassirou Diomaye Faye, who came to power in April 2024, has blamed his predecessor, Macky Sall, for the debt crisis.....more here
https://www.rt.com/africa/627581-senegal-rejects-imf-debt-restructuring-proposal/
While Washington dreams of a Golden Dome, Beijing is quietly building one that actually works
When Donald Trump unveiled the Golden Dome in May 2025, he promised nothing less than a revolution in American security – a $175-billion missile defense shield designed to intercept any threat to the United States.
Modeled on Ronald Reagan’s Strategic Defense Initiative, the new project envisions an integrated network of satellites, next-generation interceptors, radars, and laser weapons extending from the Earth’s surface to outer space. The ambition is clear: complete, preemptive, and absolute protection by 2029.
Yet behind the spectacle of technological grandeur lies a troubling pattern. No concrete system architecture has been presented, and early projections suggest the true cost could triple the official figure. More importantly, the concept of “absolute security” signals an enduring American desire for unipolar dominance – one that undermines, rather than reinforces, global ...
