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The Central Bank says Russian investors were able to return three trillion rubles of frozen assets

May 16, 2023

The measures taken by the authorities, including the forced conversion of certificates of deposit, helped restore the rights of Russian investors to the amount of more than three trillion rubles. This was announced by the head of the Central Bank Elvira Nabiullina.

Other steps have also been taken to return rights to investors, including the forced transfer of rights accounting to the Russian accounting infrastructure and replacement bonds.

“As a result, we restored the rights of investors in the amount close to three trillion rubles,” Nabiullina told a conference of the National Association of Stock Market Participants.

She noted that this is a “pretty large amount,” but at the same time, some of the assets are still tied up.

Earlier, Nabiullina announced that Russia would ban trading in shares of companies from hostile countries associated with the military-industrial complex. We must resolve the question of how the people who bought these securities will be able to get out of it, said the head of the Central Bank.

Read the Russia Ukraine News on The Eastern Herald.

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