Business · Markets · 7 hrs ago

Russian central bank says it has returned a significant share of frozen assets

Russian central bank says it has returned a significant share of frozen assets

Bank of Russia Governor Elvira Nabiullina told Russia’s State Duma that a significant share of frozen assets had been returned to investors.

She said the bank used several methods, including replacement bonds, but gave no further details.

The assets remain a focus for the central bank, which says it is continuing its work.

Nabiullina described the subject as sensitive.

She also stressed that minority shareholders’ rights need protection.

She said individual investors make up most of Russia’s capital market, so their investments must be safeguarded.

The bank says it will continue working to return assets, but it has not set out specific next steps.

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What people are saying

Elvira NabiullinaRussian Central Bank governor
The issue of frozen assets remains a focus for us.
via TASS
We managed to return a significant portion of assets to our investors through various means (such as replacement bonds, etc.).
via TASS
We are working on this continuously and will continue to do so,
via TASS