The Central Bank of Russia is ready to support the new phase of the exchange of frozen assets, but states that the demand from non-residents is insufficient. This was announced at the Cbonds conference by Olga Shishlyannikova, Head of the Department of Investment Financial Intermediaries of the Central Bank.
“In case of demand, the regulator is ready to take the necessary measures. The lack of volunteers from non-residents arose for a number of reasons,” explained Shishlyannikova.
A decree allowing the asset swap was signed by President Vladimir Putin in November last year. The first phase of the change took place in the spring-summer of 2023. As a result, non-residents purchased securities worth 8.1 billion rubles, and more than 700 thousand people managed to get rid of part of the blocked assets.
Deputy Head of the Ministry of Finance Ivan Chebeskov evaluated the results of the first stage as “not bad, but of course we expected better.” In total, securities settlements worth 35.3 billion rubles were announced, which significantly exceeded the real demand.
Ministry of Finance at the end of August elongated The asset exchange gives non-residents the opportunity to submit additional applications until October 12.
Russians before given Tips on how to avoid fraud when buying gold.
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Source: Gazeta
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