The volume of securities of Russian investors frozen on the St. Petersburg Stock Exchange amounts to 3 billion dollars, this was announced by the President of the Central Bank, Elvira Nabiullina, in an interview with RBC. The exchange itself confirmed these data to the publication.
“All these values (a little more than 3 billion dollars) were blocked after the introduction of blocking sanctions by the United States on November 2,” they said in the site’s press service.
Nabiullina noted that investments by Russians have been decreasing since February 2022. He also stressed that the main task of the Central Bank is to protect unqualified investors.
Last week, the St. Petersburg Stock Exchange announced that it had a strategy to unfreeze blocked assets. The platform will send proposals to the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury.
- The site was subject to US sanctions on November 2, along with AFK Sistema and some Russian banks. Inclusion on the SDN list means isolation from the dollar system, freezing of assets and prohibition of cooperation with American companies. In this sense, the site was forced to suspend trading in foreign securities.
Author:
Natalia Gormaleva
Source: RB
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