13.08.2024, 14:48
The first stage of the exchange of frozen assets of Russians and foreigners has been completed
Source: OREANDA-NEWS
OREANDA-NEWS The Investment Chamber has completed the first stage of settlements for the exchange of blocked foreign securities of Russians, the auction organizer said in a statement.
"Despite the external sanctions pressure during the application collection period, the organizer of the auction managed to sell to non-residents about a quarter of the securities submitted for redemption by resident individuals," the message says.
It is noted that more than 708 thousand Russians were able to partially sell their foreign securities, which came from 105 brokers and management companies, for a total of 8.1 billion rubles. Now the Investment Chamber is considering the possibility of conducting an additional round of sale of blocked securities.
"It is expected that the funds for the repurchased securities will be credited to the accounts of brokers, trust managers, and management companies of mutual funds (mutual funds) no later than August 13. Professional market participants will send these funds to resident individuals in accordance with the regulatory deadlines," the company also said.
During the period of collecting applications, foreign regulators imposed additional restrictions: blocking sanctions against the National Settlement Depository and the EU ban on participation in the buyout of European legal entities, Investpalata indicated.
"Despite the external sanctions pressure during the application collection period, the organizer of the auction managed to sell to non-residents about a quarter of the securities submitted for redemption by resident individuals," the message says.
It is noted that more than 708 thousand Russians were able to partially sell their foreign securities, which came from 105 brokers and management companies, for a total of 8.1 billion rubles. Now the Investment Chamber is considering the possibility of conducting an additional round of sale of blocked securities.
"It is expected that the funds for the repurchased securities will be credited to the accounts of brokers, trust managers, and management companies of mutual funds (mutual funds) no later than August 13. Professional market participants will send these funds to resident individuals in accordance with the regulatory deadlines," the company also said.
During the period of collecting applications, foreign regulators imposed additional restrictions: blocking sanctions against the National Settlement Depository and the EU ban on participation in the buyout of European legal entities, Investpalata indicated.
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