8 Nov 2023 19:08

Russian president signs decree for exchange of blocked assets worth up to 100,000 rubles

MOSCOW. Nov 8 (Interfax) - A presidential decree which was needed to provide an option to exchange investors' assets blocked in Russia and abroad has been signed.

Russian President Vladimir Putin signed Decree No. 844, titled "On Additional Temporary Economic Measures Associated with the Circulation of Foreign Securities", on November 8. The document was published on the official website of legal acts.

As planned, the decree limits the total initial value of securities owned by one resident which can be divested as part of the established arrangement to 100,000 rubles.