The organizer of the auction will be Investment Chamber LLC.
As noted in a message published on its website, foreigners will have the opportunity to buy blocked foreign assets from Russian retail investors using money in type C accounts. The limit for transactions will be 100 thousand rubles for each investor.
“Settlements for transactions (operations) carried out in accordance with the approved conditions must be completed before September 1, 2024,” the department noted.
At the end of February, the Ministry of Finance announced that the mechanism for exchanging blocked assets would begin operating in the coming weeks.