The report of the regulator says that part of the assets of Russian banks was completely blocked due to sanctions, writes RIA Novosti.
It is noted that this mainly affected claims on counterparties from unfriendly countries, as well as payments on bonds hung in Euroclear/Clearstream.
“The prospects for the return of these assets seem extremely low, despite the fact that, from a legal point of view, they have not yet been confiscated,” the Central Bank said.
In this regard, the Bank of Russia proposed to provide banks with a ten-year installment plan to create reserves for possible losses on completely blocked assets.
Earlier, Belgium allowed to unblock part of the assets that were frozen as part of sanctions against the National Settlement Depository (NSD).