The Ministry of Finance will launch a mechanism for returning blocked assets from 2024

Finance Minister Anton Siluanov said at a meeting of the Council for Strategic Development and National Projects that the mechanism for unlocking frozen assets will start working in 2024. According to him, this will allow 2.5 million of the 3.6 million Russian investors to return their investments.

“To protect our people, a mechanism has been developed to return blocked assets. It will start working next year. This is our task – to help people who have money blocked in foreign assets. We hope that about 2.5 million people out of 3.6 million will be able to receive and return their investments,” the minister said.

Mr. Siluanov identified the resumption of the influx of foreign investors into the Russian market as one of the tasks. According to his estimates, in the domestic market “the share of foreigners was approximately about a third.” According to him, the Ministry of Finance is developing conditions for foreign investors to withdraw assets in exchange for investments in Russia.

Earlier today Anton Siluanov statedthat Russia is ready to take mirror measures in the event of confiscation of assets in Europe. According to RIA Novosti, EU countries frozen about €28 billion of private assets of businessmen and companies from Russia and Belarus.

About where Russian investors invested in 2023 – in the material “Investments are written smoothly”.

Alexandra Goroshilova