Russian President Vladimir Putin signed the decree “On additional temporary economic measures on the circulation of foreign securities.” corresponding decree Legal information published on the official internet portal.
This decree establishes the procedure for selling foreign securities owned by citizens of the Russian Federation and foreigners at the expense of funds effectively blocked for these foreigners in “C” type accounts in Russia. Currently we are talking about asset exchanges of up to 100 thousand rubles per investor. The terms of the auction will be determined by the government commission responsible for controlling foreign investment.
Anton Siluanov, head of the Ministry of Finance of the Russian Federation in October statedThat unfriendly countries may receive a similar response to the use of proceeds from investing in “frozen” Russian assets. The minister noted that money frozen within the scope of Russian bonds and obligations to partners from unfriendly countries is also kept in Russia. He emphasized that the Russian side will act in the same way as Western countries.
Previously at the European Commission in the name The amount of Russian sovereign assets frozen in the European Union.
Source: Gazeta

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