The Board of Directors of the Bank of Russia determined the procedure for interaction between financial market participants, which will give Russian investors the opportunity to sell blocked foreign securities to non-residents for money from “C” type accounts. This has been reported Web site Central Bank of the Russian Federation.
According to the regulator, trading can be initiated after the government commission approves the terms and conditions of the transaction. Once the start is announced, brokers, trustees and investment fund management companies will need to inform their clients about the start of trading.
Before that, Deputy Chairman of the Ministry of Finance of Russia Ivan Chebeskov statedWithin the framework of the decree signed by Russian President Vladimir Putin, Russian investors can visit St. It was stated that assets blocked on the St. Petersburg Stock Exchange could be exchanged.
On November 8, Putin signed a decree allowing the exchange of part of the funds of foreign investors blocked in the Russian Federation with frozen assets of Russians. We are talking about amounts up to 100 thousand rubles. According to the Ministry of Finance of the Russian Federation, 3.5 million Russians have assets worth 1.5 trillion rubles blocked abroad. The Kremlin, meanwhile, said it would object “indefinitely” to the seizure of Moscow’s assets. More details in the material “Newspapers.Ru”.
Previously SPB Stock Exchange decided Get a license to unlock assets abroad.