Russia looks to compensate holders of frozen foreign assets ...News

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Russia looks to compensate holders of frozen foreign assets
Nearly $100 billion worth of investments held by Russians have been blocked by the West The Central Bank of Russia (CBR) is considering creating a compensation fund for local investors whose assets have been frozen by Western nations, Governor Elvira Nabiullina said on Thursday during the plenary session of the Moscow Financial Forum.  “In order to regain the confidence of investors, we have discussed with representatives of banks mechanisms that would mitigate the problem of frozen assets for people who have invested in financial markets,” Nabiullina said, adding “we are now discussing the idea of a compensation

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