“Investment Chamber” assessed the demand of non-residents for the exchange of assets – Kommersant

"Investment Chamber" assessed the demand of non-residents for the exchange of assets - Kommersant

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The demand of foreign investors for the exchange of frozen assets is measured in tens of billions of rubles. This data is provided by the Investment Chamber, which organizes trades for the repurchase of blocked foreign securities. Now the brokerage company communicates with dozens of foreign institutional investors, owners of funds in rubles in type C accounts.

“These are banks and funds from the US, EU and UK that are potentially ready to take part in the redemption of blocked foreign securities from Russians,” said the head of the Investment Chamber, Alexey Sedushkin (quoted from TASS). He added that dividends from blue chips are accumulated in type C accounts. According to the company, about 450 billion rubles could have accumulated there from May to December 2023 alone.

March 25 “Investment chamber” installed initial prices for the repurchase of foreign securities from Russian private investors. Resident individuals can present more than 3.5 thousand exchange-traded instruments for redemption. The repurchase of foreign securities by non-residents from resident individuals will be in rubles. This also applies to type “C” accounts. Acceptance of applications from individuals began on March 25 and will end on May 8.

About the situation on the Russian debt market – in the publication “Kommersant” “Bonds are buoyant”.

Evgeny Belousov

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