Frozen assets remain focus for Bank of Russia, significant portion has been returned

Business & Economy November 09, 13:11

Russian Central Bank Governor Elvira Nabiullina also noted the importance of protecting the rights of minority shareholders, adding that the capital market consists primarily of individual investors, and their investments must be safeguarded

MOSCOW, November 9. /TASS/. Frozen assets remain a focus for the regulator, with a significant portion having been returned to investors, Russian Central Bank Governor Elvira Nabiullina said, addressing the State Duma (lower house of the parliament).

"The issue of frozen assets remains a focus for us. We managed to return a significant portion of assets to our investors through various means (such as replacement bonds, etc.). We are working on this continuously and will continue to do so," she said, without disclosing details of this work, citing the sensitivity of the subject.

The regulator’s chief also noted the importance of protecting the rights of minority shareholders, adding that the capital market consists primarily of individual investors, and their investments must be safeguarded.

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