The chief executive officer of Investment Chamber, a brokerage firm selected to facilitate the recovery and exchange of frozen Russian assets, outlined a four-stage plan for the process. The initiative is expected to unfold over several months and will allow Russian investors to sell blocked shares, depositary receipts, and investment fund holdings to foreign buyers, with transaction prices staying at or above current market levels according to officials.
In the initial phase, the system will collect applications from individual Russian investors. Following this, the pool of potential buyers abroad will submit bids, and the value of each parcel will be set based on those bids and prevailing market conditions. The process is designed to ensure orderly execution and transparency across the different stages.
Participation is open to any private Russian investor who holds blocked assets. Officials stressed that the program aims to provide broad access while maintaining safeguards to protect investors and ensure compliance with applicable regulations.
Earlier, the Russian Finance Ministry reported that a government commission had approved the guidelines governing the exchange of frozen assets, signaling formal authorization for the program. This step laid the groundwork for subsequent procedural details and oversight mechanisms.
Separately, the European Commission has disclosed the total value of Russian assets currently frozen within the European Union, underscoring the broader international context in which these moves are taking place. These developments reflect ongoing efforts by multiple jurisdictions to respond to sanctions regimes and asset freezes while offering pathways for orderly asset utilization where permissible. (Source: official statements and regulatory briefings)