After the start of their country, the eurozone and the “large seven” blocked about half of the foreign exchange reserves of the Russian Federation.
The head of the Central Bank Elvira Nabiullina said that last year, Russian investors managed to return about 570 billion rubles previously blocked in the West, the correspondent of The Moscow Post reports.
“A certain part of the funds was released. Last year, if my memory serves me, it was about 570 billion rubles of funds – frozen in the form of securities, coupons – were thawed. This was affected by one and a half million people,” she said at the forum “Cybersecurity in Finance”.
She explained that after the restrictions on Russian investors who did not fall under sanctions, the Central Bank, together with the government, was looking for ways to defrost these assets.
According to her, now some large-scale schemes are not considered, but we continue to maintain all possible mechanisms in order to restore the legal rights of our citizens.
Recall that after the start of a special military operation, the European Union and the G7 countries were blocked by about half of Russia’s foreign exchange reserves – about 300 billion euros. More than 200 billion out of this amount is held in the European Union, mainly on the accounts of the Belgian Celling Company EuroClear.
The Ministry of Foreign Affairs of the Russian Federation has repeatedly called the freezing of Russian assets illegal assignment, emphasizing that the European Union is aimed not only at private funds, but also to the country’s state resources.
