Photo: TASS
The Central Bank is discussing the idea of compensation for investors whose assets were frozen in foreign structures.
This was announced at the plenary session of the Moscow Financial Forum by the head of the Central Bank of Russia, Elvira Nabiullina, a correspondent reports. DOPs.
Nabiullina explained: “We are now discussing the idea, including, perhaps, the creation of a compensation fund, on the basis of the Deposit Insurance Agency, it is possible that income from the funds that we, on our part, have frozen, non-residents – these incomes could be compensated for mass investors” .
The main goal of finding mechanisms that will alleviate the problem of the frozen assets of Russian investors was called the return of confidence in the market.
“Our people who have invested in financial markets have most of their assets frozen,” she stressed. According to her, it is possible to discuss different ways of solving this problem. It is necessary to “move” the problem of frozen assets, Nabiullina explained, it is important to restore investor confidence.
It is noted that as a result of Western sanctions, foreign securities of about five million Russian investors were blocked. The value of these assets is estimated at six trillion rubles.
Nabiullina also acknowledged that the restructuring of the Russian economy would entail inflation “slightly above the target of 4%.”
In turn, Deputy Finance Minister Alexei Moiseev told the Moscow Financial Forum that under the sanctions, banks do not pay dividends, but the budget expects them in 2023.
