Russian investors were able to return the frozen assets for around 3 trillion rubles, said the head of the Central Bank, Elvira Nabiullina. This was facilitated by measures by the authorities, including the forced conversion of depository receipts.
According to the head of the regulator, a number of measures have been taken to restore the rights of Russian investors.
“This is the automatic forced conversion of depository receipts, the forced transfer of accounting rights to our Russian accounting infrastructure, these are replacement bonds,” RIA Novosti quoted Nabiullina as saying.
He concluded that although part of the assets is still frozen, investors have restored rights in the amount of about 3 trillion rubles.
The European Union applied sanctions against the National Liquidation Depository last year after the entry of Russian troops into the territory of Ukraine. After that, the international companies Euroclear and Clearstream stopped operating with it.
At the end of last year, the financial departments of Belgium and Luxembourg allowed restrictions on some assets to be lifted. However, the Central Bank warned then that the licenses of the ministries to unblock assets do not guarantee the return of the funds.
Author:
Natalia Gormaleva
Source: RB
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