Russia is offering to swap western investors’ stranded assets in the country for some Russian assets frozen by the west following President Vladimir Putin’s invasion of Ukraine.
Under the proposal, Moscow would give interested western investors the opportunity to buy the assets of Russian companies that have been immobilised in Europe by using their own funds held in restricted accounts in Russia that cannot be spent outside the country, the central bank said on Wednesday.
Western officials told the Financial Times that they were not aware of the proposal and that no talks were taking place on a potential asset swap.
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