TBank unfreezes client funds totaling 3.5 bln rubles

MOSCOW. Oct 22 (Interfax) - TBank has unfrozen a part of its clients' funds in dollars and euros, with the volume of unblocked assets totaling 3.5 billion rubles, TBank CEO Stanislav Bliznyuk said.

"We are announcing today that we are unblocking funds in dollars and euros for 450,000 people, totaling 3.5 billion rubles," Bliznyuk said at the "Tolk" finance and investment conference organized by TBank.

T-Investments has explained that this concerns unfreezing a part of the currency funds in the Eternal Portfolio that had been previously blocked owing to sanctions. "Around half of them are currently available for sale," T-Investments posted on social media.

The broker emphasizes that the other half of the assets remain blocked. These assets have been transferred to the TUSD2 and TEUR2 closed-end investment funds, respectively. "These funds will be displayed in the portfolios at zero price for the time being, though we will sell the assets at the market price and remit the funds to the unit holders if they are unblocked," T-Investments said.