Amount of frozen Russian investments revealed ...News

A scheme introduced last year allows companies to issue local ‘replacement’ bonds with ruble settlement to substitute Eurobonds Nearly $81 billion in funds belonging to Russian investors have been blocked by Western financial institutions, according to estimates by the Bank of Russia revealed on Tuesday.  As of November 30, the volume of frozen assets held at Western financial institutions totaled 5.7 trillion rubles ($80.8 billion). More than 20% of these funds are owned by retail investors, the regulator pointed out.    Last year, in an effort to minimize risks and protect investors, the Russian central bank ban

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