Clearstream develops relationship with Ukraine 31 January 2023Ukraine Reporter: Lucy Carter
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Clearstream is to expand its relationship with Ukraine’s capital market by offering access to a broader range of asset classes and reconstruction-related instruments.
In doing so, the company aims to support the country as it rebuilds its infrastructure and economy. The additional asset classes will facilitate cross-border investments and, in turn, improve liquidity in the domestic capital market it says.
As part of the initiative, it will open an account at the National Bank of Ukraine to connect to the National Depository of Ukraine. This will be supported by the Ministry of Finance of Ukraine.
Jan Willems, head of global markets at Clearstream, says: “We operate our link to Ukraine with the aim of enabling further international investment opportunities. This decision emphasises our commitment to the Ukrainian market and our local partners and, most importantly, our aim to actively support the reconstruction of the country.”
Yuriy Butsa, government commissioner for public debt management in Ukraine, comments: “We welcome the expansion of the Clearstream link to the new assets in Ukraine. The initial opening of the link to the Ukrainian market back in 2019 proved to be a game changer for our local government bond market and significantly contributed to its development.
“We believe that the simplified access to diverse Ukrainian investment products for international asset managers will not only help bring foreign private capital to participate in the reconstruction of Ukraine, but also boost the development of the Ukrainian capital market.”
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