President Vladimir Putin has signed a decree which provides for additional temporary measures of an economic nature related to the circulation of foreign securities. According to the document, Russian investors are allowed to sell blocked "unfriendly" foreign securities to non-residents. The transaction involves Russian investors with blocked assets and non-resident investors of funds on C-type accounts.
The amount of such assets per portfolio must not exceed 100 thousand rubles. The value of securities is determined by the government commission for control over foreign investments. The securities involved in the transaction must be accounted for on the accounts of the National Settlement Depository opened with foreign organizations.
Transactions are concluded through bidding, the terms of which will also be handled by the government commission. The document notes that brokers and trading platforms will not take commission from resident individuals in such transactions.
Foreign securities, which non-residents will buy from Russians, will be credited to special transit accounts opened by Russian depositories.
The decree comes into force from the day of its publication - November 8, 2023.