Sanctions / Restrictions a L'encontre de la Russie
avril 14, 2022
In response to the Russian military intervention in Ukraine, the European Union and various other countries adopted a series of sanctions against Russia and Belarus.
Article 5f of Regulation (EU) No. 833/2014 (as amended by Council Regulation (EU) No. 2022/328) and Article 1f of Regulation (EC) No. 765/ 2006 (as amended by Council Regulation (EU) No 2022/398) prohibit the sale of euro denominated transferable securities issued after 12 April 2022 or units of undertakings for collective investment (UCIs) providing exposure to such transferable securities, to any Russian or Belarusian national, any natural person residing in Russia or Belarus or to any legal person, entity or body established in Russia or Belarus.
This prohibition does not apply to nationals of a Member State or to natural persons holding a temporary or permanent residence permit in a Member State of the European Union.
Insofar as the UCIs of Natixis Investment Managers International, Natixis Investment Managers S.A. or any EU based management company of the Natixis Investment Managers group are likely to acquire such transferable securities, Russian and Belarusian investors as defined herein above will no longer be able to subscribe to units or shares of UCIs after April 12, 2022.
This prohibition will remain in effect for as long as the Regulations are in force.