Cbank says frozen assets swap intended for retail investors first

MOSCOW, Aug 23 (PRIME) -- President Vladimir Putin’s draft order on the exchange of frozen assets will at the first stage cover retail Russian investors, who will be able to sell blocked foreign assets using funds accumulated at the type C accounts, the central bank said in a statement on Wednesday.

The government and the central bank have prepared a draft order of the president creating a mechanism to free blocked foreign securities owned by Russian investors. Finance Minister Anton Siluanov said earlier that the initiative would cover 100 billion rubles of assets.

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