The Ministry of Finance announced the launch of the exchange of frozen assets – Kommersant
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The government and the Bank of Russia have prepared a draft decree on unblocking part of foreign assets for exchange for Russian ones, Finance Minister Anton Siluanov said. At the first stage, it is planned to unblock accounts for about 100 billion rubles.
“Today we have blocked the assets of more than 3.5 million Russian citizens in the amount of 1.5 trillion rubles. Taking into account the decisions you supported, we envisage the beginning of the exchange of the assets of our citizens for the assets of foreign investors, which are currently accumulated in type C accounts. At the first stage, we plan to unblock accounts of about 100 billion rubles belonging to retail investors,” Mr. strategic development.
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