Asset Managers · Asset Servicing · Regulation · Funds

CSSF guides funds on stranded Russia assets

In Luxembourg, PWC lit up its offices in the colours of the Ukrainian flag in March. Photo: PWC.

Luxembourg’s financial supervisor, releasing its eagerly anticipated guidance for investment funds exposed to Russia, has outlined a range of segregation options to handle stranded assets in Russia. Funds also were reminded to assess if they are potentially in breach of sanctions against Russia and Belarus. 

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