Russia offers EU solution over frozen assets ...News

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Russia offers EU solution over frozen assets
Funds could be unblocked by Moscow so that foreign investors can then use to buy Russian assets immobilized in the EU Moscow is ready to allow EU investors to use their funds blocked in Russia to purchase Russian assets that have been frozen by the EU. The proposal was made by the Bank of Russia on Wednesday.    Earlier this week, Russian Finance Minister Anton Siluanov told President Vladimir Putin that the proposed swap is aimed at unblocking $1.1 billion, mostly owned by retail investors, out of nearly $16 billion in holdings that are owned by 3.5 million Russians and are stranded in the EU.    “The volume of a

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