The Russian Ministry of Finance announced the start of the exchange of frozen assets with foreigners. 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. The organizer of the auction will be Investment Chamber LLC.