"Russia's Asset Swap Decree Unfreezes Investments for Foreign Investors"

Russian authorities are drafting a presidential decree to allow retail investors to unblock their frozen assets held in overseas accounts and sell them to foreign parties. International sanctions have restricted Russian investors' access to securities held abroad, while Russian countermeasures have frozen Western funds. The volume of assets to be unblocked will initially be limited and primarily aimed at retail investors. It is unclear if European clearing houses and financial regulators will reciprocate. Finance Minister Anton Siluanov has requested President Putin's support to unblock around 100 billion roubles ($1.06 billion) in frozen funds belonging to retail investors.