Russian investors returned assets worth almost 3 trillion rubles from abroad. – Kommersant
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The measures taken by the Russian authorities, including the forced conversion of depository receipts, helped restore the rights of some Russian investors, said Elvira Nabiullina, head of the Central Bank (CB). According to her, investors have returned assets for about 3 trillion rubles.
“A lot has been done to get our investors back their rights. This is the automatic forced conversion of depositary receipts, the forced transfer of rights accounting to our Russian accounting infrastructure, these are replacement bonds, ”the head of the Central Bank said at the NAUFOR conference (quote from RIA Novosti). What amount of assets remains blocked, she did not specify.
In December 2022, the National Settlement Depository received permission to unlock foreign assets from the Luxembourg Ministry of Finance and the Belgian Treasury. At the Central Bank then declaredthat the permits of the European authorities to unlock assets do not guarantee their return to investors. In April 2023, it became known that a Russian in Belgium received permission to unfreeze assets.
Details – in the publication “Kommersant FM” “Euroclear removed the block”.
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