Russia may unblock accounts of investors from ‘friendly’ countries

Over $2 billion in assets of international depositories has been frozen by Moscow in response to Western sanctions The Bank of Russia (CBR) is working on mechanisms that will unlock the accounts of depositories from ‘friendly’ states in order to allow foreign investors into the country’s financial market, business daily RBK reported on Thursday, citing its sources. Persons familiar with the matter explained to the outlet that investors from ‘friendly’ states (those that abstained from sanctions) at present cannot work on the Russian market because foreign depositories are “locked” in so-called C-type accounts. A C

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