MOSCOW, March 12. /TASS/. The Russian Finance Ministry has heard of foreign funds’ interest in the frozen assets swap, Deputy Minister Ivan Chebeskov told reporters.

"We have always said our task is to create conditions required to implement this exchange in our country. A relevant decree and government acts were made from our side and a subcommittee made an appropriate decision for trade organizers being able to implement it. However, it was clear then that we cannot participate in negotiations ourselves - this is on the business side. We heard there is such interest, that is, the economic interest of foreign funds. However, we have no specific details," the official said.

"It’s better to approach organizers, they will deal with this process. I also saw yesterday that the work started; clarifications were given how it will be implemented. We had information that the interest was present throughout development of this mechanism. If it were not in place, then there would be no sense to develop the mechanism. It was said that there was interest of foreign investors for the release of their assets also," Chebeskov added.

The Investment Chamber announced the day before parameters of the deal to buy out foreign securities from Russian private investors in rubles, including from Type C accounts.