Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Putin allows foreigners to exchange frozen funds for blocked Russian assets abroad By: FOX Business November 08, 2023 at 12:16 PM EST Foreign investors with funds frozen in Russia can now buy blocked assets of Russians abroad in light of a decree signed by Putin on Wednesday. Russia's President Vladimir Putin signed a decree on Wednesday allowing foreign investors with funds frozen in Russia to use them to buy blocked assets of Russians abroad.As a result of sanctions imposed by the West over Russia's actions in Ukraine, more than 3.5 million Russians have frozen assets abroad worth around 1.5 trillion rubles ($16.3 billion).Under the decree, Russia will allow citizens of what it deems "unfriendly" countries to buy frozen securities held abroad by Russians by using funds from special "type-C" accounts in Russia, which are otherwise effectively blocked.RUSSIAN FIRM ROSTELECOM WILL NOT SEEK COMPENSATION FOR SEVERED FIBER OPTIC CABLE DAMAGED BY CHINESE SHIPRUSSIA IS FUNDING ANTI-UKRAINE DISINFORMATION CAMPAIGN THROUGHOUT LATIN AMERICA, STATE DEPARTMENT SAYSRussia plans to unblock accounts worth about 100 billion rubles in the first phase.The text of Putin's decree says it is being issued in response to actions by the United States and other countries and organizations that it calls "unfriendly and contradictory to international law." Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Putin allows foreigners to exchange frozen funds for blocked Russian assets abroad By: FOX Business November 08, 2023 at 12:16 PM EST Foreign investors with funds frozen in Russia can now buy blocked assets of Russians abroad in light of a decree signed by Putin on Wednesday. Russia's President Vladimir Putin signed a decree on Wednesday allowing foreign investors with funds frozen in Russia to use them to buy blocked assets of Russians abroad.As a result of sanctions imposed by the West over Russia's actions in Ukraine, more than 3.5 million Russians have frozen assets abroad worth around 1.5 trillion rubles ($16.3 billion).Under the decree, Russia will allow citizens of what it deems "unfriendly" countries to buy frozen securities held abroad by Russians by using funds from special "type-C" accounts in Russia, which are otherwise effectively blocked.RUSSIAN FIRM ROSTELECOM WILL NOT SEEK COMPENSATION FOR SEVERED FIBER OPTIC CABLE DAMAGED BY CHINESE SHIPRUSSIA IS FUNDING ANTI-UKRAINE DISINFORMATION CAMPAIGN THROUGHOUT LATIN AMERICA, STATE DEPARTMENT SAYSRussia plans to unblock accounts worth about 100 billion rubles in the first phase.The text of Putin's decree says it is being issued in response to actions by the United States and other countries and organizations that it calls "unfriendly and contradictory to international law."