Acceptance of applications for the redemption of blocked foreign securities starts on March 25

If the applications of non-residents are approved, the securities will be transferred to their special transit securities accounts, which allow the transfer of purchased foreign securities from the Russian depository infrastructure to a foreign one without additional permissions from Russia. Funds for these securities, in turn, will be transferred to the accounts of brokers, trustees or mutual fund management companies for further transfer to resident individuals. Unsold securities will not be written off from the securities accounts of their owners, and the funds of non-residents not used in the redemption will in this case be returned to their ruble accounts (including type C accounts).

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