In Moscow, because of the sanctions, billions of dollars are accumulating that are not open to foreign owners. writes about it Bloomberg.
The agency states that we are talking about stock dividends, bond interest payments and other assets that foreign investors did not participate in until February 24 last year.
It is emphasized that legally the money belongs to major investment companies, including JPMorgan Asset Management and Schroders Plc, but in private conversations investors tend to believe that the money is non-refundable.
GAM Investment Management said that foreigners “must forget” about the assets that are stuck. At the same time, some investors continue to seek legal ways to return their funds.
Formerly Fabian Mayenfisch, spokesperson for the Swiss State Secretariat of Economy (SECO) declarationThat the Swiss banks could not use the Russian money frozen in the country for their own purposes. Switzerland before that approvedHe said there was no legal basis for the transfer of Russia’s frozen assets to Ukraine. A working group led by the Swiss Federal Office of Justice (FJU) came to the relevant conclusion.