The Bank of Russia has established a procedure for the sale of blocked foreign assets. According to the decision of the Central Bank board, they may be sold to non-residents for money from type “C” accounts. Only securities booked by NSD are subject to sale.
At a board meeting, the Central Bank determined the procedure for the sale of blocked foreign securities to non-residents. This is how a message from the Bank of Russia describes it.
According to the decision of the Central Bank, the sale is possible with money from type “C” accounts. Only securities that are recorded in the national settlement depository are subject to it. Investors will be able to submit applications for no more than 100 thousand rubles.
Non-residents, in turn, must request the purchase of blocked assets. The acquired securities will be credited to securities in transit accounts.
The government commission will establish the procedure for calculating the value of assets, the rules and conditions of negotiation.
Author:
Kirill Bilyk
Source: RB
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