Читаем:
Directive (EU) 2022/328 (первый санкционный пакет)
Article 5e
It shall be prohibited for Union central securities depositories to provide any services as defined in the Annex of Regulation (EU) No 909/2014 for transferable securities issued after 12 April 2022 to any Russian national or natural person residing in Russia or any legal person, entity or body established in Russia.
2. Paragraph 1 shall not apply to nationals of a Member State or natural persons havinga temporary or permanent residence permit in a Member State.
Я так понимаю этот параграф относится к заморозке моста НРД — Евроклир, в котором есть исключения.
Речь идет о возможности проведения операций для лиц в таких категориях, которая в моем понимании должна гарантироваться следующим постулатом UCITS
«The depositary should be able to continue to carry out its duties effectively where the custody of assets belonging to its UCITS clients is delegated to a third party. It is therefore necessary to require that the depositary maintains a record in the financial instruments account it has opened in the name of a UCITS or in the name of the management company acting on behalf of the UCITS showing that the assets kept in custody by a third party belong to that particular UCITS.»
Т.е на бумаге, в теории торговать можно, а в реале нет.