The Central Bank estimated the volume of securities transferred to the Russian Federation due to sanctions at 1.36 trillion rubles

In the review of financial risks, published The Central Bank on January 19 reported that the total volume of securities transferred to the Russian accounting infrastructure from the foreign one in the second half of 2022 is estimated at 1.36 trillion rubles. Almost half of them belonged to residents.

Federal loan bonds accounted for 94.4% of all transferred securities. In total, 37.7% of the total volume of OFZs was transferred in the first half of the year on depo accounts opened to foreign nominal holders. The share of shares in the total volume of transfers accounted for 5.5%, for other assets – no more than 0.1%.

Residents owned 47% of the total volume of securities. Residents of unfriendly countries owned 19% of securities, friendly – 34%. Legal entities made 83% of transfers, private investors – about 17%.

Under the conditions of sanctions and retaliatory restrictions, investors were given the right to submit applications to Russian depositories for the forced transfer of accounting for rights to securities. The depositaries that received such applications opened the owners’ depo accounts and credited the indicated securities to them, debiting them from the accounts of foreign nominal holders. Operations began on 15 August and ended on 24 November 2022.

Olesya Pavlenko