The Central Bank is discussing the idea of ​​compensation to investors whose assets were frozen

The head of the Bank of Russia (Central Bank, Central Bank) Elvira Nabiullina said that it is necessary to “move” the problem of frozen assets and restore investor confidence. According to her, the Central Bank is now discussing the idea of ​​creating a compensation fund for investors affected by the blocking of assets as a result of Western sanctions. Compensation can be paid at the expense of profits from the frozen funds of non-residents in Russia.

“We are now discussing the idea, including, perhaps, the creation of a compensation fund, on the basis of the DIA, it is possible that income from the funds that we, on our part, have frozen, non-residents – these incomes could be compensated for mass investors,” she said at the Moscow financial forum (quote from Interfax).

Ms. Nabiullina noted that the Russians, who invested in financial markets, had most of their assets frozen, and different ways of solving this problem could be discussed. “It is important to restore trust if we want to have enough resources aimed at restructuring the economy,” she added.

This spring, as part of Western restrictions, about 5 million Russian private investors faced the blocking of their foreign securities. The total value of the frozen assets is estimated at 6 trillion rubles. The National Association of Stock Market Participants believes that the best way out of the situation is if brokers buy these assets from clients, but at a discount.

Why investors are against the sale of blocked securities, read the material “Kommersant FM” “Assets will still lie down”.

Daria Erozbek