Clearstream is a financial services company that specializes in the settlement of securities transactions and is owned by Deutsche Börse AG. It provides settlement and custody as well as other related services for securities across all asset classes . It is one of two European International central securities depositories ( Euroclear being the other).
132-581: Clearstream operates securities settlement systems based in both Luxembourg and Germany , which allow for the holding and transfer of securities. Clearstream operates its International Central Securities Depository (ICSD) from Luxembourg. It is also a joint partner in the Luxembourgish Central Securities Depository (CSD), LuxCSD, together with the Central Bank of Luxembourg . In Germany, Clearstream operates
264-475: A knowledge economy , with the founding of the University of Luxembourg and a national space program . Luxembourg is described as a " full democracy ", with a parliamentary democracy headed by a constitutional monarch . Executive power is exercised by the grand duke and the cabinet, which consists of several members with the titles of minister, minister delegate or secretary of state, who are headed by
396-594: A neutral country and renounce its aspirations to join NATO. Zelenskyy replied that Putin could not be trusted to abide by such a settlement. Ukraine had been a neutral country in 2014 when Russia occupied Crimea and invaded the Donbas . On 19 February, Zelenskyy made a speech at the Munich Security Conference , calling for Western powers to drop their policy of " appeasement " towards Moscow and give
528-508: A new Novorossiya . Putin referred to the Kosovo independence precedent and NATO bombing of Yugoslavia as a justification for the annexation of Crimea and the war in Donbas, while historians note the similarities with Nazi Germany's Anschluss of Austria . Because of Russia's occupation of Crimea and its invasion of the Donbas , Ukraine's parliament voted in December 2014 to remove
660-680: A soviet worker's republic similar to the ones emerging in Germany , but these attempts lasted only 2 days. In November 1918, a motion in the Chamber of Deputies demanding the abolition of the monarchy was defeated narrowly by 21 votes to 19 (with three abstentions). France questioned the Luxembourgish government's, and especially Marie-Adélaïde's, neutrality during the war, and calls for an annexation of Luxembourg to either France or Belgium grew louder in both countries. In January 1919,
792-861: A sphere of influence to try to control their neighbours". NATO underlined that it is a defensive alliance , and that it had co-operated with Russia until the latter annexed Crimea. It offered to improve communication with Russia, and to negotiate limits on missile placements and military exercises , provided Russia withdrew its troops from Ukraine's borders, but Russia did not do so. Western leaders vowed that heavy sanctions would be imposed should Putin choose to invade rather than to negotiate. French President Emmanuel Macron and German Chancellor Olaf Scholz met Putin in February 2022 to dissuade him from an invasion. According to Scholz, Putin told him that Ukraine should not be an independent state. Scholz told Ukrainian President Volodymyr Zelenskyy to declare Ukraine
924-724: A European country and the first full-scale war in Europe since the Second World War. Russia launched a simultaneous ground and air attack. Russian missiles struck targets throughout Ukraine, and Russian troops invaded from the north, east, and south. Russia did not officially declare war. It was Russia's largest combined arms operation since the Soviet Union 's Battle of Berlin in 1945. Fighting began in Luhansk Oblast at 3:40 a.m. Kyiv time near Milove on
1056-558: A Germanic language, is the only national language of the Luxembourgish people and of the Grand Duchy of Luxembourg, French is the only language for legislation, and all three – Luxembourgish, German and French – are used for administrative matters in the country. With an area of 2,586 square kilometers (998 sq mi), Luxembourg is Europe's seventh-smallest country . In 2024, it had
1188-681: A Habsburg possession, the Duchy of Luxembourg became, like many countries in Europe at the time, heavily involved in the many conflicts for dominance of Europe between the Habsburg-held countries and the Kingdom of France . In 1542, the King of France , François I , invaded Luxembourg twice, but the Habsburgs under Charles V managed to reconquer the Duchy each time. Luxembourg became part of
1320-414: A Prime Minister. The current Constitution of Luxembourg , the supreme law of Luxembourg, was originally adopted on 17 October 1868. The Constitution was last updated on 1 July 2023. The grand duke has the power to dissolve the legislature , in which case new elections must be held within three months. But since 1919, sovereignty has resided with the nation, exercised by the grand duke in accordance with
1452-485: A clear time-frame for when Ukraine could join NATO. As political analysts Taras Kuzio and Vladimir Socor agree, "when Russia made its decision to invade Ukraine, that country was more remote than ever not only from NATO membership but from any track that might lead to membership". On 21 February, Putin announced that Russia recognized the Russian-controlled territories of Ukraine as independent states:
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#17327753786151584-521: A company of the Luxembourgish Army rebelled, declaring itself to be the army of the new republic, but French troops intervened and put an end to the rebellion. Nonetheless, the disloyalty shown by her own armed forces was too much for Marie-Adélaïde, who abdicated in favor of her sister Charlotte 5 days later. The same year, in a popular referendum , 77.8% of the Luxembourgish population declared in favor of maintaining monarchy and rejected
1716-415: A consciousness of independence and a national awakening took place in the 19th century. The people of Luxembourg began referring to themselves as Luxembourgers , rather than being part of one of the larger surrounding nations. This consciousness of Mir wëlle bleiwe wat mir sinn (" We want to remain what we are ") culminated in 1890, when the last step towards full independence was finally taken: due to
1848-692: A custodian in Luxembourg. In 2015, the US court issued a decision dismissing the lawsuit. Arising from the above, the U.S. Treasury Department Office of Foreign Assets Control (OFAC) investigated certain securities' transfers in 2008 within Clearstream's settlement systems regarding US Iran sanctions regulations. These 2008 transfers had been undertaken as part of the decision taken by Clearstream in 2007 to close its Iranian customers' accounts. In 2013 Clearstream entered into settlement talks with OFAC. The matter
1980-460: A distorted view of Ukraine, as well as of its own history, and that these distortions were propagated through the state. In December 2021, Russia issued an ultimatum to the West , which included demands that NATO end all activity in its Eastern European member states and ban Ukraine or any former Soviet state from ever joining the alliance. Russia's government said NATO was a threat and warned of
2112-731: A founding member of the United Nations in 1945. Luxembourg's neutral status under the constitution formally ended in 1948, and in April 1949 it also became a founding member of NATO . During the Cold War , Luxembourg continued its involvements on the side of the Western Bloc . In the early fifties a small contingent of troops fought in the Korean War . Luxembourg troops have also deployed to Afghanistan, to support ISAF . In
2244-524: A ground invasion were launched on a northern front from Belarus towards the capital Kyiv , a southern front from Crimea , and an eastern front from the Donbas and towards Kharkiv . Ukraine enacted martial law , ordered a general mobilization and severed diplomatic relations with Russia . Russian troops retreated from the north and the outskirts of Kyiv by April 2022, after encountering stiff resistance and logistical challenges. The Bucha massacre
2376-522: A guarantee by a borrower to secure a securities loan and subject to seizure in the event of default . Collateral management refers to the handling of all tasks related to the monitoring of collateral posted by a borrower to meet a financial obligation (optimisation, substitution, top-up, withdrawal, settlement instruction, reporting, processing of margin calls and returns, notification of corporate events, etc.). Clearstream's collateral management, securities lending and borrowing services are gathered under
2508-647: A joint venture with the Spanish Central Securities Depository Iberclear, to act as a trade repository for derivatives transactions, helping participants meet their regulatory reporting obligations brought about by the introduction of the European Market Infrastructure Regulation (EMIR). Based in Luxembourg and Germany, Clearstream is subject to the supervision of the regulatory authorities of these two countries. In Luxembourg,
2640-535: A major escalation of the Russo-Ukrainian War , which started in 2014. The invasion, the largest and deadliest conflict in Europe since World War II , has caused hundreds of thousands of military casualties and tens of thousands of Ukrainian civilian casualties . As of 2024, Russian troops occupy about 20% of Ukraine . From a population of 41 million, about 8 million Ukrainians had been internally displaced and more than 8.2 million had fled
2772-632: A measure to prevent friendly fire . Immediately after the invasion began, Zelenskyy declared martial law in Ukraine in a first video speech. The same evening, he ordered a general mobilisation of all Ukrainian males between 18 and 60 years old, prohibiting them from leaving the country. Wagner Group mercenaries and Kadyrovites contracted by the Kremlin reportedly made several attempts to assassinate Zelenskyy , including an operation involving several hundred mercenaries meant to infiltrate Kyiv with
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#17327753786152904-773: A military response if it followed an "aggressive line". Some of the demands had already been ruled out by NATO. A senior US official said the US was willing to discuss the proposals, but added that there were some "that the Russians know are unacceptable". Eastern European states willingly joined NATO for security reasons, and the last time a country bordering Russia had joined was in 2004. Ukraine had not yet applied, and some members were wary of letting it join. Barring Ukraine would go against NATO's " open door " policy, and against treaties agreed to by Russia itself. NATO Secretary General Jens Stoltenberg replied that "Russia has no say" on whether Ukraine joins, and "has no right to establish
3036-795: A missile strike against Kyiv on 6 June after not directly attacking the city for several weeks. On 10 June 2022, deputy head of the SBU Vadym Skibitsky stated that during the Severodonetsk campaign, the frontlines were where the future of the invasion would be decided: "This is an artillery war now, and we are losing in terms of artillery. Everything now depends on what [the west] gives us. Ukraine has one artillery piece to 10 to 15 Russian artillery pieces. Our western partners have given us about 10% of what they have." On 29 June, Reuters reported that US Intelligence Director Avril Haines, in an update of past US intelligence assessments on
3168-404: A population of 672,050, which makes it one of the least-populated countries in Europe , albeit with the highest population growth rate ; foreigners account for nearly half the population. Luxembourg is a representative democracy headed by a constitutional monarch , Grand Duke Henri , making it the world's only remaining sovereign grand duchy . The County of Luxembourg was established in
3300-1027: A pro- NATO , pro-US foreign policy. Luxembourg is considered a European capital, and is the site of the Court of Justice of the European Union , the European Court of Auditors , the European Investment Bank , the Statistical Office of the European Union ( Eurostat ) and other vital EU organs. The Secretariat of the European Parliament is located in Luxembourg, but the Parliament usually meets in Brussels and sometimes in Strasbourg . Luxembourg
3432-564: A probative spearhead on 24 February, from Belarus south along the west bank of the Dnipro River . The apparent intent was to encircle the city from the west, supported by two separate axes of attack from Russia along the east bank of the Dnipro: the western at Chernihiv , and from the east at Sumy . These were likely intended to encircle Kyiv from the northeast and east. Russia tried to seize Kyiv quickly, with Spetsnaz infiltrating into
3564-477: A profound effect on the historical memory of the country and its citizens. However, many republican ideas of this era continue to have a lasting effect on Luxembourg; one of the many examples features the implementation of the Napoleonic Code Civil which was introduced in 1804 and is still valid today. After the defeat of Napoleon in 1815, the Duchy of Luxembourg was restored. However, as
3696-716: A quick victory in Kyiv, Russian forces switched their strategy to indiscriminate bombing and siege warfare. On 25 March, a Ukrainian counter-offensive retook several towns to the east and west of Kyiv, including Makariv . Russian troops in the Bucha area retreated north at the end of March. Ukrainian forces entered the city on 1 April. Ukraine said it had recaptured the entire region around Kyiv, including Irpin, Bucha, and Hostomel, and uncovered evidence of war crimes in Bucha . On 6 April, NATO secretary-general Jens Stoltenberg said that
3828-498: A reconstruction conference in Switzerland that Ukraine needs $ 750bn for a recovery plan and Russian oligarchs should contribute to the cost. The invasion began on 24 February, launched out of Belarus to target Kyiv, and from the northeast against the city of Kharkiv. The southeastern front was conducted as two separate spearheads, from Crimea and the southeast against Luhansk and Donetsk. Russian efforts to capture Kyiv included
3960-937: A security issue to the market , as they possess the necessary infrastructure for distributing the securities to the investors as well as for settlement and safekeeping. Clearstream's ICSD also provides custody services, which means that the security can be serviced throughout its entire lifecycle. Clearstream provides the infrastructure which enables issuers to reach investors worldwide. Clearstream's services include eligibility assessments, issuance and distribution of domestic, foreign and international (i.e. Eurobonds) new issues of global and domestic instruments: certificates of deposit , depository receipts , treasury bills , commercial papers , short-term and medium-term notes, bonds , equities , warrants , equity-linked notes and investment fund shares. Clearstream's ICSD settles trades in international securities and in domestic securities traded across borders. The CSDs settle domestic transactions in
4092-461: A similar landing at Vasylkiv , near Vasylkiv Air Base , on 26 February. By early March, Russian advances along the west side of the Dnipro were limited by Ukrainian defences. As of 5 March, a large Russian convoy , reportedly 64 kilometres (40 mi) long, had made little progress toward Kyiv. The London-based think tank Royal United Services Institute (RUSI) assessed Russian advances from
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4224-583: A succession crisis the Dutch monarchy ceased to hold the title Grand-Duke of Luxembourg. Beginning with Adolph of Nassau-Weilburg , the Grand-Duchy would have their own monarchy , thus reaffirming its full independence. In August 1914, during World War I , Imperial Germany violated Luxembourg's neutrality by invading it in order to defeat France. Nevertheless, despite the German occupation , Luxembourg
4356-636: A succession crisis, precipitated by the lack of a male heir to assume the throne. Since Sigismund and Elizabeth of Görlitz were both heirless, all possessions of the Luxembourg Dynasty were redistributed among the European aristocracy. The Duchy of Luxembourg become a possession of Philip the Good , Duke of Burgundy . As the House of Luxembourg had become extinct and Luxembourg now became part of
4488-748: A terrorist state. Protests occurred around the world, with anti-war protesters in Russia being met by mass arrests and greater media censorship . The Russian attacks on civilians have led to allegations of genocide . War-related disruption to Ukrainian agriculture and shipping contributed to a world food crisis , while war-related environmental damage has been described as ecocide . The International Criminal Court (ICC) opened an investigation into crimes against humanity , war crimes , abduction of Ukrainian children , and genocide against Ukrainians. The ICC issued arrest warrants for Putin and Maria Lvova-Belova , and for four Russian military officials. After
4620-652: A western area of operations toward Mariupol was opened by the Southern Military District , including the 58th , 49th , and 8th Combined Arms Army , the latter also commanding the 1st and 2nd Army Corps of the Russian separatist forces in Donbas . By 7 April, Russian troops deployed to the northern front by the Russian Eastern Military District pulled back from the Kyiv offensive, reportedly to resupply and redeploy to
4752-618: Is also known for having founded the Schueberfouer in 1340 and for his heroic death at the Battle of Crécy in 1346. John the Blind is considered a national hero in Luxembourg. In the 14th and early 15th centuries, three more members of the House of Luxembourg reigned as Holy Roman Emperors and Bohemian Kings: John's descendants Charles IV , Sigismund (who also was King of Hungary and Croatia ), and Wenceslaus IV . Charles IV created
4884-890: Is also site of the EFTA Court , which is responsible for the three EFTA members who are part of the European Single Market through the EEA Agreement . The Luxembourgish army is mostly based in its casern, the Centre militaire Caserne Grand-Duc Jean on the Härebierg in Diekirch. The general staff is based in the capital, the État-Major . The army is under civilian control , with the grand duke as Commander-in-Chief . The Minister for Defense , Yuriko Backes , oversees army operations. The professional head of
5016-553: Is bordered by Belgium to the west and north, Germany to the east, and France to the south. Its capital and most populous city, Luxembourg City , is one of the four institutional seats of the European Union (together with Brussels , Frankfurt , and Strasbourg ) and the seat of several EU institutions, notably the Court of Justice of the European Union , the highest judicial authority. Luxembourg's culture , people, and languages are greatly influenced by its much larger neighbors France and Germany; for example, Luxembourgish ,
5148-614: Is committing severe human rights violations in occupied Ukraine. The invasion was met with widespread international condemnation . The United Nations General Assembly passed a resolution condemning the invasion and demanding a full Russian withdrawal. The International Court of Justice ordered Russia to halt military operations, and the Council of Europe expelled Russia. Many countries imposed sanctions on Russia and its ally Belarus, and provided humanitarian and military aid to Ukraine. The Baltic states and Poland declared Russia
5280-546: Is generally known as the Second Partition of Luxembourg . To compensate the Duchy for this loss, it was decided to elevate the Duchy to a Grand-Duchy , thus giving the Dutch monarchs the additional title of Grand-Duke of Luxembourg . After Belgium became an independent country following the victorious Belgian Revolution of 1830–1831 , it claimed the entire Grand-Duchy of Luxembourg as being part of Belgium, however,
5412-566: Is opened in the name of a natural person. Clearstream has therefore been described as a "bank for banks". Clearstream has operational centres in Cork, Cardiff, Luxembourg, Prague and Singapore. It also maintains representative offices in London, Hong Kong, Tokyo, Dubai, New York, and Zurich. Clearstream was founded as "Cedel" (Centrale de Livraison de Valeurs Mobilières) in September 1970 by 66 of
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5544-893: Is regulated in each market where it has operational centres, for example by the Monetary Authority of Singapore . As the operator of securities settlement systems in both Luxembourg and Germany, Clearstream is additionally regulated by the central banks of these two countries, namely the Banque centrale du Luxembourg and the Deutsche Bundesbank . Clearstream is responsible for the management, safekeeping/custody and administration of securities (assets) under custody. Services include income and redemption payments, corporate actions as well as tax and proxy voting . The majority of securities safekept by Clearstream are immobilised . Securities are reflected in book-entry form in
5676-689: The 2022 Russian invasion of Ukraine , the Russian National Settlement Depository said on 25 March 2022 that Clearstream had blocked its account. Also, the ruble bridge between Clearstream and Euroclear was closed. Furthermore, Clearstream stopped settling trades in Russian securities. In July 2010, Clearstream founded LuxCSD together with the Luxembourg Central Bank, to act as a CSD for Luxembourg. In December 2010, Clearstream co-founded REGIS-TR,
5808-687: The 29th , 35th , and 36th Combined Arms Armies . A second axis, deployed towards eastern Kyiv from Russia by the Central Military District (northeastern front), comprised the 41st Combined Arms Army and the 2nd Guards Combined Arms Army . A third axis was deployed towards Kharkiv by the Western Military District (eastern front), with the 1st Guards Tank Army and 20th Combined Arms Army . A fourth, southern front originating in occupied Crimea and Russia's Rostov oblast with an eastern axis towards Odesa and
5940-681: The Abbey of Echternach in AD 698, and is celebrated annually in the dancing procession of Echternach . For a few centuries the abbey would become one of northern Europe's most influential abbeys. The Codex Aureus of Echternach , an important surviving codex written entirely in gold ink, was produced here in the 11th century. The so-called Emperor's Bible and the Golden Gospels of Henry III were also produced in Echternach at this time. When
6072-563: The Bock rock by Siegfried, Count of the Ardennes , in 963 through an exchange act with St. Maximin's Abbey, Trier . Around this fort , a town gradually developed, which became the center of a state of great strategic value within the Duchy of Lorraine. Over the years, the fortress was extended by Siegfried's descendants and by 1083, one of them, Conrad I , was the first to call himself a " Count of Luxembourg ", and with it effectively creating
6204-498: The Burgundian Netherlands , this would mark the start of nearly 400 years of foreign rule over Luxembourg. In 1482, Philip the Handsome inherited all of what became then known as the Habsburg Netherlands , and with it the Duchy of Luxembourg. For nearly 320 years Luxembourg would remain a possession of the mighty House of Habsburg, at first under Austrian rule (1506–1556), then under Spanish rule (1556–1714) , before going back again to Austrian rule (1714–1794) . With having become
6336-471: The Carolingian Empire was divided many times starting with the Treaty of Verdun in 843, today's Luxembourgish territory became successively part of the Kingdom of Middle Francia (843–855), the Kingdom of Lotharingia (855–959) and finally of the Duchy of Lorraine (959–1059), which itself had become a state of the Holy Roman Empire . The recorded history of Luxembourg begins with the acquisition of Lucilinburhuc (today Luxembourg Castle ) situated on
6468-541: The Charter for European Security , affirming the right of each state "to choose or change its security arrangements" and to join alliances. In 2002, Putin said that Ukraine's relations with NATO were "a matter for those two partners". Russian forces invaded Georgia in August 2008 and took control of the breakaway regions of Abkhazia and South Ossetia , demonstrating Russia's willingness to use military force to attain its political objectives. The United States "was accused of appeasement and naivete" in their reaction to
6600-458: The Commission de Surveillance du Secteur Financier (CSSF) is the prudential regulator with authority over all banks and financial service providers. In Germany, Clearstream is regulated as a bank according to the German Banking Act ("Kreditwesengesetz") and is therefore subject to the prudential supervision of the German Federal Financial Supervisory Authority (German: "Bundesanstalt für Finanzdienstleistungsaufsicht" - BaFin). Moreover, Clearstream
6732-448: The Dalheim Ricciacum and the Vichten mosaic , on display at the National Museum of History and Art in Luxembourg City. The territory was infiltrated by the Germanic Franks from the 4th century, and was abandoned by Rome in AD 406, after which it became part of the Kingdom of the Franks . The Salian Franks who settled in the area are often described as the ones having brought the Germanic language to present-day Luxembourg, since
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#17327753786156864-406: The European Union (green) Luxembourg ( / ˈ l ʌ k s əm b ɜːr ɡ / LUK -səm-burg ; Luxembourgish : Lëtzebuerg [ˈlətsəbuəɕ] ; German: Luxemburg [ˈlʊksm̩bʊʁk] ; French: Luxembourg [lyksɑ̃buʁ] ), officially the Grand Duchy of Luxembourg , is a small landlocked country in Western Europe . It
6996-406: The King of the Netherlands , would become, in personal union , the head of state. To satisfy Prussia, it was decided that not only the Fortress of Luxembourg be manned by Prussian troops , but also that large parts of Luxembourgish territory (mainly the areas around Bitburg and St. Vith) become Prussian possessions. This marked the second time that the Duchy of Luxembourg was reduced in size, and
7128-401: The Luxembourg Crisis . Luxembourg is a developed country with an advanced economy , and has one of the world's highest GDP (PPP) per capita as per IMF and World Bank estimates. The nation's levels of human development and LGBT equality are ranked among the highest in Europe. The historic city including its fortification was declared a UNESCO World Heritage Site in 1994 due to
7260-449: The Nine Years' War in 1684, France invaded Luxembourg again , conquering and occupying the Duchy until 1697 when it was returned to the Spanish in order to garner support for the Bourbon cause during the prelude to the War of the Spanish Succession . When the war broke out in 1701 Luxembourg and the Spanish Netherlands were administered by the pro-French faction under the governor Maximilian II Emanuel, Elector of Bavaria and sided with
7392-399: The Red Lands ' rich iron-ore grounds in the beginning of the 20th century drove Luxembourg's industrialization. After the decline of the steel industry in the 1970s, the country focused on establishing itself as a global financial center and developed into the banking hub it is reputed to be. Since the beginning of the 21st century, its governments have focused on developing the country into
7524-437: The Russian Defence Ministry stated that the first stage of the "military operation" in Ukraine was "generally complete", that the Ukrainian military forces had suffered serious losses, and the Russian military would now concentrate on the "liberation of Donbas ." The "first stage" of the invasion was conducted on four fronts, including one towards western Kyiv from Belarus by the Russian Eastern Military District , comprising
7656-420: The Spanish Netherlands in 1556, and when France and Spain went to war in 1635 it resulted in the Treaty of the Pyrenees , in which the first partition of Luxembourg was decided. Under the Treaty, Spain ceded the Luxembourgish fortresses of Stenay , Thionville, and Montmédy , and the surrounding territory to France, effectively reducing the size of Luxembourg for the first time in centuries. In context of
7788-479: The dissolution of the Soviet Union in December 1991, the newly independent states of the Russian Federation and Ukraine maintained cordial relations. In return for security guarantees, Ukraine signed the Nuclear Non-Proliferation Treaty in 1994, agreeing to dismantle the nuclear weapons the former USSR had left in Ukraine. At that time, Russia, the UK, and the USA agreed in the Budapest Memorandum to uphold Ukraine's territorial integrity. In 1999, Russia signed
7920-474: The neutrality clause from the Constitution and to seek Ukraine's membership in NATO . However, it was impossible for Ukraine to join NATO at the time, as any applicant country must have no "unresolved external territorial disputes". In 2016, President of the European Commission , Jean-Claude Juncker , said that it would take 20–25 years for Ukraine to join the EU and NATO. The Minsk agreements , signed in September 2014 and February 2015, aimed to resolve
8052-441: The old Frankish language spoken by them is considered by linguists to be a direct forerunner of the Moselle Franconian dialect , which later evolved into, among others, the modern-day Luxembourgish language . The Christianization of Luxembourg is usually dated back to the end of the 7th century. The most famous figure in this context is Willibrord , a Northumbrian missionary saint, who together with other monks established
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#17327753786158184-434: The 11th century, as a state within the Holy Roman Empire . Its ascension culminated in its monarch, Henry VII , becoming the Holy Roman Emperor in the 14th century. Luxembourg came under Habsburg rule in the 15th century, and was annexed by France in the 18th century. Luxembourg was partitioned three times, reducing its size. Having been restored in 1815 after the defeat of Napoleon , it regained independence in 1867 after
8316-409: The 1950s, Luxembourg became one of the six founding countries of the European Communities , following the 1952 establishment of the European Coal and Steel Community , and subsequent 1958 creations of the European Economic Community and European Atomic Energy Community . In 1993, the former two of these were incorporated into the European Union . With Robert Schuman (one of the founding fathers of
8448-416: The 2nd century BC, Celtic tribes settled in the region between the rivers Rhine and Meuse . Six centuries later the Romans named the Celtic tribes inhabiting these exact regions collectively as the Treveri . Many examples of archaeological evidence proving their existence in Luxembourg have been discovered, the most famous being the Oppidum of Titelberg . In around 58 to 51 BC, the Romans invaded
8580-419: The Battle of Worringen helped the Counts of Luxembourg to achieve military glory, which they had previously lacked, as they had mostly enlarged their territory by means of inheritances, marriages and fiefdoms. The ascension of the Counts of Luxembourg culminated when Henry VII became King of the Romans , King of Italy and finally, in 1312, Holy Roman Emperor . With the ascension of Henry VII as Emperor,
8712-495: The Bourbons. The duchy was subsequently occupied by the pro-Austrian allied forces during the conflict and was awarded to Austria at its conclusion in 1714. As the Duchy of Luxembourg repeatedly passed back and forth from Spanish and Austrian to French rule, each of the conquering nations contributed to strengthening and expanding the Fortress that the Castle of Luxembourg had become over the years. One example of this includes French military engineer Marquis de Vauban who advanced
8844-475: The Constitution and the law. Legislative power is vested in the Chamber of Deputies , a unicameral legislature of sixty members, who are directly elected to five-year terms from four constituencies . A second body, the Council of State ( Conseil d'État ), composed of 21 ordinary citizens appointed by the grand duke, advises the Chamber of Deputies in the drafting of legislation. Luxembourg has three lower tribunals ( justices de paix ; in Esch-sur-Alzette ,
8976-520: The Crimean Parliament . Russia annexed Crimea in March 2014, after a widely disputed referendum held under occupation. Pro-Russian unrest immediately followed in the Ukrainian cities of Donetsk and Luhansk . The war in Donbas began in April 2014 when armed Russian-backed separatists seized Ukrainian government buildings and proclaimed the independent Donetsk People's Republic and Luhansk People's Republic . Russian troops were directly involved in these conflicts. The annexation of Crimea and
9108-606: The Donbas region in an effort to reinforce the renewed invasion of southeastern Ukraine. The northeastern front, including the Central Military District, was similarly withdrawn for resupply and redeployment to southeastern Ukraine. On 26 April, delegates from the US and 40 allied nations met at Ramstein Air Base in Germany to discuss the formation of a coalition that would provide economic support in addition to military supplies and refitting to Ukraine. Following Putin's Victory Day speech in early May, US Director of National Intelligence Avril Haines said no short term resolution to
9240-426: The Donetsk People's Republic and Luhansk People's Republic. The following day, Russia announced that it was sending troops into these territories as "peacekeepers", and the Federation Council of Russia authorised the use of military force abroad. Before 5 a.m. Kyiv time on 24 February, Putin, in another speech , announced a " special military operation ", which effectively declared war on Ukraine. Putin said
9372-421: The Dutch King who was also Grand Duke of Luxembourg, as well as Prussia, did not want to lose their grip on the mighty fortress of Luxembourg and did not agree with the Belgian claims. The dispute would be solved at the 1839 Treaty of London where the decision of the Third Partition of Luxembourg was taken. This time the territory was reduced by more than half, as the predominantly francophone western part of
9504-757: The EU), Pierre Werner (considered the father of the Euro ), Gaston Thorn , Jacques Santer and Jean-Claude Juncker (all former Presidents of the European Commission ), Luxembourgish politicians contributed substantially to the EU's formation and establishment. In 1999, Luxembourg joined the eurozone . Thereafter, the country was elected non-permanent member of the United Nations Security Council (2013–14). The steel industry exploiting
9636-636: The First World War, under the German occupation of Luxembourg during World War II , the country was treated as German territory and informally annexed to the adjacent province of Nazi Germany , Gau Moselland . This time, Luxembourg did not remain neutral as Luxembourg's government in exile based in London supported the Allies , sending a small group of volunteers who participated in the Normandy invasion , and multiple resistance groups formed inside
9768-662: The French army. Their sacrifices have been commemorated at the Gëlle Fra . After the war, Grand-Duchess Marie-Adélaïde was seen by many people (including the French and Belgian governments) as having collaborated with the Germans and calls for her abdication and the establishment of a Republic became louder. After the retreat of the German army , communists in Luxembourg City and Esch-sur-Alzette tried to establish
9900-650: The German CSD, Clearstream Banking AG. Clearstream has links to over 50 domestic markets worldwide, and also issues and safekeeps Eurobonds . In 2014, the value of assets under custody on behalf of customers averaged 12.2 trillion euros; furthermore, Clearstream processed 43.65 million ICSD and 82.68 million CSD settlement transactions. Clearstream has around 2,500 customers in 110 countries. Clearstream accepts central banks and AML-regulated credit institutions (such as regulated banks) as customers. Clearstream does not accept natural persons as customers and no account
10032-670: The German and Luxembourgish markets. Transactions between the two ICSDs Clearstream and Euroclear are settled via an electronic communications platform, called the Bridge. Clearstream operates a delivery versus payment settlement system, ensuring simultaneous settlement of securities and cash transfers on a gross (trade-by-trade) basis. This helps to minimise the risk associated with the settlement of securities. Luxembourg – in Europe (green & dark gray) – in
10164-606: The Global Liquidity Hub. It provides a pool of liquidity through links to agent banks, trading platforms, clearing houses and other market infrastructures. Clearstream is a member of the Liquidity Alliance, which was established in January 2013 as a platform for CSDs to collaborate on collateral management. It was founded by ASX , Cetip, Clearstream, Iberclear and Strate. Clearstream has developed
10296-730: The Historical Unity of Russians and Ukrainians ", in which he called Ukraine "historically Russian lands" and claimed there is "no historical basis" for the "idea of Ukrainian people as a nation separate from the Russians". Days before the invasion, Putin claimed that Ukraine never had "real statehood" and that modern Ukraine was a mistake created by the Russian Bolsheviks . American historian Timothy Snyder described Putin's ideas as Russian imperialism . British journalist Edward Lucas described it as historical revisionism. Other observers found that Russia's leadership held
10428-573: The Holy Roman Empire and elsewhere, Wenceslaus, annexed the County of Chiny in 1364, and with it, the territories of the new Duchy of Luxembourg reached its greatest extent. During these 130 years, the House of Luxembourg was contending with the House of Habsburg for supremacy within the Holy Roman Empire and Central Europe. It all came to end in 1443, when the House of Luxembourg suffered
10560-401: The Russian "retraction, resupply, and redeployment" of their troops from the Kyiv area should be interpreted as an expansion of Putin's plans for Ukraine, by redeploying and concentrating his forces on eastern Ukraine. Kyiv was generally left free from attack apart from isolated missile strikes. One did occur while UN Secretary-General António Guterres was visiting Kyiv on 28 April to discuss
10692-411: The Russian invasion", was not entirely sure of the comment's accuracy. Reporter Glenn Kessler said it came from "a single source, but on the surface it appears to be a good one." Russian forces advancing on Kyiv from Belarus gained control of the ghost town of Chernobyl . Russian Airborne Forces attempted to seize two key airfields near Kyiv, launching an airborne assault on Antonov Airport , and
10824-442: The Russian invasion, said that US intelligence agencies agree that the invasion will continue "for an extended period of time ... In short, the picture remains pretty grim and Russia's attitude toward the West is hardening." On 5 July, BBC reported that extensive destruction by the Russian invasion would cause immense financial damage to Ukraine's reconstruction economy, with Ukrainian Prime Minister Denys Shmyhal telling nations at
10956-404: The accounts of customers at Clearstream regardless of whether they are held in physical or dematerialised form. This means that they are no longer represented by physical certificates, but instead by data entered into the Clearstream systems. Securities financing is the ability to borrow or lend cash or securities against collateral . In securities financing, collateral comprises assets given as
11088-607: The agreement, choosing closer ties to the Russian-led Eurasian Economic Union instead. This coerced withdrawal triggered a wave of protests known as Euromaidan , culminating in the Revolution of Dignity in February 2014. Yanukovych fled and was removed from power by parliament, ending up in Russia. Russian soldiers with no insignia occupied the Ukrainian territory of Crimea, and seized
11220-452: The aim of killing the Ukrainian president. The Ukrainian government said anti-war officials within Russia's FSB shared the plans with them. Zelenskyy appeared defiant in his first and following video message , showing in another on 25 February, that he and his cabinet is still in Kiyv. On 26 February NATO met and its countries pledged military aid for Ukraine and on 27 February Germany called
11352-710: The army is the Chief of Defense , who answers to the minister and holds the rank of general. 2022 Russian invasion of Ukraine Eastern Ukraine campaign Southern Ukraine campaign Other regions Naval operations Spillover & related incidents Eastern Ukraine campaign Southern Ukraine campaign Other regions Spillover & related incidents Eastern Ukraine campaign Southern Ukraine campaign Other regions Naval operations Spillover & related incidents Post-Minsk II conflict Attacks on civilians Related On 24 February 2022, Russia invaded Ukraine in
11484-406: The assets. Clearstream challenged the restraints and the handover. In 2011, the plaintiffs filed additional claims, this time directly against Clearstream, for damages of USD 250 million in connection with the purported wrongful conveyance of some of the restrained positions. Clearstream entered into a settlement agreement with the plaintiffs that became effective in 2013. The settlement provided for
11616-421: The border with Russia. The main infantry and tank attacks were launched in four spearheads, creating a northern front launched towards Kyiv from Belarus, a southern front from Crimea, a southeastern front from Russian-controlled Donbas, and an eastern front from Russia towards Kharkiv and Sumy . Russian vehicles were subsequently marked with a white Z military symbol (a non- Cyrillic letter ), believed to be
11748-502: The city of Luxembourg , and Diekirch ), two district tribunals (Luxembourg and Diekirch), and a Superior Court of Justice (Luxembourg), which includes the Court of Appeal and the Court of Cassation. There is also an Administrative Tribunal and an Administrative Court, as well as a Constitutional Court, all of which are located in the capital. Luxembourg is divided into 12 cantons , which are further divided into 100 communes . Twelve of
11880-474: The city supported by airborne operations and a rapid mechanised advance from the north, but failed. The United States contacted Zelenskyy and offered to help him flee the country, lest the Russian Army attempt to kidnap or kill him on seizing Kyiv; Zelenskyy responded that "The fight is here; I need ammunition, not a ride." The Washington Post , which described the quote as "one of the most-cited lines of
12012-586: The city's nickname the Gibraltar of the North . Luxembourg was annexed by France, becoming the département des forêts (department of forests), and the incorporation of the former Duchy as a département into France was formalised at the Treaty of Campo Formio in 1797. From the start of the occupation the new French officials in Luxembourg, who spoke only French, implemented many republican reforms, among them
12144-553: The communes have city status ; the city of Luxembourg is the largest. Luxembourg has long been a prominent supporter of European political and economic integration . In 1921, Luxembourg and Belgium formed the Belgium–Luxembourg Economic Union (BLEU) to create a regime of inter-exchangeable currency and a common customs . Luxembourg is a member of the Benelux Economic Union and was one of
12276-506: The competing County of Vianden (and with it St Vith and Schleiden ) had either been incorporated directly or become vassal states to the County of Luxembourg. The only major setback during their rise in power came in 1288, when Henry VI and his three brothers died at the Battle of Worringen while trying unsuccessfully to add the Duchy of Limburg to their realm. But despite the defeat,
12408-492: The conflict, but ceasefires and further negotiations repeatedly failed. There was a large Russian military build-up near the Ukraine border in March and April 2021, and again in both Russia and Belarus from October 2021 onward. Members of the Russian government, including Putin, repeatedly denied having plans to invade or attack Ukraine, with denials being issued up to the day before the invasion. The decision to invade Ukraine
12540-488: The country (but also the then Luxembourgish-speaking part of Arelerland ) was transferred to the new state of Belgium, thereby giving Luxembourg its modern-day borders. The treaty of 1839 also established full independence of the remaining Germanic-speaking Grand-Duchy of Luxembourg. In 1842, Luxembourg joined the German Customs Union ( Zollverein ). This resulted in the opening of the German market,
12672-467: The country by April 2023, creating Europe's largest refugee crisis since World War II. In late 2021, Russia massed troops near Ukraine's borders and issued demands including a ban on Ukraine ever joining the NATO military alliance. After repeatedly denying having plans to attack Ukraine, on 24 February 2022, Russian president Vladimir Putin announced a " special military operation ", saying that it
12804-747: The country when Julius Caesar conquered Gaul and part of Germania up to the Rhine border, thus the area of what is now Luxembourg became part of the Roman Empire for the next 450 years, living in relative peace under the Pax Romana . Similar to those in Gaul, the Celts of Luxembourg adopted Roman culture, language, morals and a way of life, effectively becoming what historians later described as Gallo-Roman civilization . Evidence from that period includes
12936-536: The development of Luxembourg's steel industry , and expansion of Luxembourg's railway network from 1855 to 1875. After the Luxembourg Crisis of 1866 nearly led to war between Prussia and France, as both were unwilling to see the other taking influence over Luxembourg and its mighty fortress, the Grand Duchy's independence and neutrality were reaffirmed by the Second Treaty of London and Prussia
13068-434: The dismissal of the direct claims against Clearstream, and that the plaintiffs will not further sue Clearstream for damages and in return, Clearstream agreed to not further appeal an order directing the turnover of the restrained customer's assets to the plaintiffs. In 2013, a number of US plaintiffs from the 2011 case, as well as other US plaintiffs, filed a complaint targeting certain blocked assets that Clearstream holds as
13200-399: The documents forgeries and dismissed the case. The controversy inspired the film The Clearstream Affair (2014). In 2008, several groups of plaintiffs commenced enforcement proceedings in the US to satisfy judgments which they had obtained against Iran by restraining certain positions held in a Clearstream securities account with its intermediary bank in the US, and asking for handover of
13332-504: The dynasty of the House of Luxembourg not only began to rule the Holy Roman Empire , but rapidly began to exercise growing influence over other parts of Central Europe as well. Henry's son, John the Blind , in addition to being Count of Luxembourg, also became King of Bohemia . He remains a major figure in Luxembourgish history and folklore and is considered by many historians the epitome of chivalry in medieval times. He
13464-499: The establishment of a republic. During this time, Belgium pushed for an annexation of Luxembourg. However, all such claims were ultimately dismissed at the Paris Peace Conference , thus securing Luxembourg's independence. In 1940, after the outbreak of World War II , Luxembourg's neutrality was violated again when Nazi Germany 's Wehrmacht entered the country , "entirely without justification". In contrast to
13596-595: The exceptional preservation of its vast fortifications and historic quarters. Luxembourg is a founding member of the European Union , OECD , the United Nations , NATO , and the Benelux . It served on the United Nations Security Council for the first time in 2013 and 2014. The first traces of settlement in what is now Luxembourg are dated back to the Paleolithic Age , about 35,000 years ago. From
13728-707: The fortifications around and on the heights of the city, fortification walls that are still visible today. During the War of the First Coalition , Revolutionary France invaded the Austrian Netherlands, and with it, Luxembourg. In the years 1793 and 1794 most of the Duchy was conquered relatively quickly and the French Revolutionary Army committed many atrocities and pillages against the Luxembourgish civilian population and abbeys,
13860-624: The founding members of the European Economic Community (now the European Union). It also participates in the Schengen Group (named after the Luxembourg village of Schengen where the agreements were signed). At the same time, the majority of Luxembourgers have consistently believed that European unity makes sense only in the context of a dynamic transatlantic relationship, and thus have traditionally pursued
13992-485: The illegal annexation of four partly-occupied provinces . In November, Ukraine liberated Kherson . In June 2023, Ukraine launched another counteroffensive in the southeast, but made few gains. After small but steady Russian advances in the east in the first half of 2024, Ukraine launched a cross-border offensive into Russia's Kursk Oblast in August of that year. The United Nations Human Rights Office reports that Russia
14124-607: The independent County of Luxembourg (which was still a state within the Holy Roman Empire). By the middle of the 13th century, the counts of Luxembourg had managed to gain considerable wealth and power and had expanded their territory from the river Meuse to the Moselle . By the time of the reign of Henry V the Blonde , Bitburg , La Roche-en-Ardenne , Durbuy , Arlon , Thionville , Marville , Longwy , and in 1264
14256-534: The invasion a historic watershed. That day in the evening Putin put Russia's nuclear deterrence into alert. The Russian invasion was unexpectedly met by fierce Ukrainian resistance. In Kyiv, Russia failed to take the city and was repulsed in the battles of Irpin , Hostomel , and Bucha . The Russians tried to encircle the capital, but its defenders under Oleksandr Syrskyi held their ground, effectively using Western Javelin anti-tank missiles and Stinger anti-aircraft missiles to thin Russian supply lines and stall
14388-840: The invasion should be expected. Ukraine's reliance on Western-supplied equipment constrained operational effectiveness, as supplying countries feared that Ukraine would use Western-made matériel to strike targets in Russia. Military experts disagreed on the future of the conflict; some suggested that Ukraine should trade territory for peace, while others believed that Ukraine could maintain its resistance due to Russian losses. By 30 May, disparities between Russian and Ukrainian artillery were apparent, with Ukrainian artillery being vastly outgunned, in terms of both range and number. In response to US President Joe Biden 's indication that enhanced artillery would be provided to Ukraine, Putin said that Russia would expand its invasion front to include new cities in Ukraine. In apparent retribution, Putin ordered
14520-431: The invasion. In 2013, Ukraine's parliament overwhelmingly approved finalising an association agreement with the European Union (EU). Russia had put pressure on Ukraine to reject it. Kremlin adviser Sergei Glazyev warned in September 2013 that if Ukraine signed the EU agreement, Russia would no longer acknowledge Ukraine's borders. In November, Ukrainian president Viktor Yanukovych suddenly withdrew from signing
14652-462: The long-lasting Golden Bull of 1356 , a decree which fixed important aspects of the constitutional structure of the Empire. Luxembourg remained an independent fief (county) of the Holy Roman Empire, and in 1354, Charles IV elevated it to the status of a duchy with his half-brother Wenceslaus I becoming the first Duke of Luxembourg . While his kin were occupied ruling and expanding their power within
14784-522: The most infamous being the massacres of Differdange and Dudelange , as well as the destruction of the abbeys of Clairefontaine , Echternach and Orval . However the Fortress of Luxembourg resisted for nearly 7 months before the Austrian forces holding it surrendered. Luxembourg's long defense led Lazare Carnot to call Luxembourg "the best fortress in the world, except Gibraltar", giving rise to
14916-441: The north and east as "stalled." Advances from Chernihiv largely halted as a siege began there . Russian forces continued to advance on Kyiv from the northwest, capturing Bucha , Hostomel and Vorzel by 5 March, though Irpin remained contested as of 9 March. By 11 March, the lengthy convoy had largely dispersed and taken cover. On 16 March, Ukrainian forces began a counter-offensive to repel Russian forces. Unable to achieve
15048-643: The occupied country. With 2.45% of its prewar population killed, and a third of all buildings in Luxembourg being destroyed or heavily damaged (mainly due to the Battle of the Bulge ), Luxembourg suffered the highest such loss in Western Europe, but its commitment to the Allied war effort was never questioned. Around 1,000–2,500 of Luxembourg's Jews were murdered in the Holocaust . The Grand Duchy became
15180-641: The offensive. On the southern front, Russian forces had captured the regional capital of Kherson by 2 March. A column of Russian tanks and armoured vehicles was ambushed on 9 March in Brovary and sustained heavy losses that forced them to retreat. The Russian army adopted siege tactics on the western front around the key cities of Chernihiv, Sumy and Kharkiv, but failed to capture them due to stiff resistance and logistical setbacks. In Mykolaiv Oblast , Russian forces advanced as far as Voznesensk , but were repelled and pushed back south of Mykolaiv. On 25 March,
15312-406: The operation was to "protect the people" of the Russian-controlled breakaway republics. He falsely claimed that they had "been facing humiliation and genocide perpetrated by the Kyiv regime." Putin said that Russia was being threatened: he falsely claimed that Ukrainian government officials were neo-Nazis under Western control, that Ukraine was developing nuclear weapons, and that a hostile NATO
15444-535: The principle of laicism , which led to an outcry in strongly Catholic Luxembourg. Additionally French was implemented as the only official language and Luxembourgish people were barred access to all civil services. When the French Army introduced military duty for the local population, riots broke out which culminated in 1798 when Luxembourgish peasants started a rebellion. Even though the French managed to rapidly suppress this revolt called Klëppelkrich , it had
15576-559: The sale of warships by the French defence giant Thales (known as Thomson-CSF before 2000) to Taiwan, and related bribes paid to French officials and businessmen. An investigation that included the search of Clearstream's premises and an examination of accounts in 2004 found no evidence supporting the accusations. In the same year, additional anonymous letters and CD-Roms sent to French judges accused Clearstream of running secret accounts for criminals and senior French politicians. In late 2005, French investigating authorities officially declared
15708-407: The survivors of the siege of Mariupol with Zelenskyy. One person was killed and several were injured in the attack. Russian forces advanced into Chernihiv Oblast on 24 February, besieging its administrative capital within four days of fighting . On 25 February Ukrainian forces lost control over Konotop . As street fighting took place in the city of Sumy , just 35 kilometres (22 mi) from
15840-667: The territory had been part of the Holy Roman Empire as well as the Habsburgian Netherlands in the past, both the Kingdom of Prussia and the United Kingdom of the Netherlands now claimed possession of the territory. At the Congress of Vienna the great powers decided that Luxembourg would become a member state of the newly formed German Confederation , but at the same time William I of the Netherlands ,
15972-404: The war in Donbas sparked a wave of Russian nationalism . Analyst Vladimir Socor called Putin's 2014 speech following the annexation a "manifesto of Greater-Russia irredentism ". Putin began referring to " Novorossiya " (New Russia), a former Russian imperial territory that covered much of southern Ukraine. Russian-backed forces were influenced by Russian neo-imperialism and sought to create
16104-486: The world's largest cross-border fund processing platform, called Vestima. It handles all types of funds, from mutual funds to exchange-traded funds (ETFs) and hedge funds . In addition to providing access to all fund types, Vestima supports their cross-border distribution. Services offered by Vestima include order routing, centralised delivery versus payment (DVP) settlement, safekeeping, asset servicing and collateral management. ICSDs and CSDs are often used to bring
16236-408: The world's major financial institutions as a clearing organisation whose objective was to minimise risk in the settlement of cross-border securities trading, particularly in the growing Eurobond market. In 1995, a new corporate structure was introduced, establishing a parent company — Cedel International — with a subsidiary company, Cedelbank; two years later, a new subsidiary — Cedel Global Services —
16368-469: The worldwide centre for international financial crime committed by major banks, shell companies , and organised crime all over the world. An investigation opened by the Luxembourg authorities in 2001 found no evidence to support the authors' allegations, and the case was dismissed in 2004. In 2004, a list leaked to a French judge indicated that Clearstream was a money laundering organisation covering illegal activities of French businessmen who were involved in
16500-512: Was allowed to maintain much of its independence and political mechanisms. Unaware of the fact that Germany secretly planned to annex the Grand-Duchy in case of a German victory (the Septemberprogramm ), the Luxembourgish government continued to pursue a policy of strict neutrality. However, the Luxembourgish population did not believe Germany had good intentions, fearing that it would annex Luxembourg. Around 1,000 Luxembourgers served in
16632-407: Was building up its forces and military infrastructure in Ukraine. He said Russia sought the "demilitarization and denazification" of Ukraine, and espoused views challenging the legitimacy of the Ukrainian state. Putin said he had no plans to occupy Ukraine. The invasion began within minutes of Putin's speech. The invasion began at dawn on 24 February. It was described as the biggest attack on
16764-454: Was established. Clearstream was formed in January 2000 through the merger of Cedel International and Deutsche Börse Clearing. The full integration of Clearstream was completed in July 2002. Between 2001 and 2002, two books were published by co-authors Denis Robert and Ernest Backes, entitled Révélation$ and La Boîte Noire , accusing Clearstream of being a money laundering organisation and
16896-495: Was finally willing to withdraw its troops from the Fortress of Luxembourg under the condition that the fortifications would be dismantled. That happened the same year. At the time of the Franco-Prussian war in 1870, Luxembourg's neutrality was respected, and neither France nor Germany invaded the country. As a result of the recurring disputes between the major European powers, the people of Luxembourg gradually developed
17028-519: Was reportedly made by Putin and a small group of war hawks or siloviki in Putin's inner circle, including national security adviser Nikolai Patrushev and defence minister Sergei Shoigu . Reports of an alleged leak of Russian Federal Security Service (FSB) documents by US intelligence sources said that the FSB had not been aware of Putin's plan to invade. In July 2021, Putin published an essay " On
17160-433: Was resolved in 2014 through a settlement and payment of USD 151.9 million that does not constitute a final determination that a violation of Iran sanctions had occurred. The Russian depository blocked all securities held in Clearstream's account at the Russian depository, on 1 March 2022. The Russian depository also froze payments on securities of Russian issuers from being made to non-Russian individuals and entities. After
17292-529: Was to support the Russian-backed breakaway republics of Donetsk and Luhansk , whose paramilitary forces had been fighting Ukraine in the Donbas conflict since 2014. Putin espoused irredentist and neo-imperialist views challenging Ukraine's legitimacy as a state, falsely claimed that Ukraine was governed by neo-Nazis persecuting the Russian minority , and said that Russia's goal was to "demilitarize and denazify" Ukraine. Russian air strikes and
17424-439: Was uncovered after their withdrawal. In the southeast, Russia launched an offensive in the Donbas and captured Mariupol after a destructive siege . Russia continued to bomb military and civilian targets far from the front, and struck the energy grid through the winter months. In late 2022, Ukraine launched successful counteroffensives in the south and east , liberating most of Kharkiv province . Soon after, Russia announced
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