It is proposed to finalize the law that allows Russian banks to separate their frozen assets and liabilities abroad into a separate legal entity. It has been reported “Kommersant”.
Market participants calculated that the total assets of banks frozen abroad could reach 3 trillion rubles, and their reserves could reach hundreds of billions of rubles.
Representatives of the Ministry of Digital Information of the Russian Federation told the publication that they support the bill. A Kommersant source from the banking market emphasized that the Bank of Russia has objections to this. The Central Bank did not respond to a request for comment on the situation.
Previously at the European Commission reportedAs of the end of May, the European Union (EU) froze 24.1 billion Euros of special funds of Russians, which were subject to sanctions.
Until December 2022, the EU froze Russian private assets for 18.9 billion euros. At the end of May, the value of the oligarchs’ frozen funds amounted to 24.1 billion dollars.