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Russian broker running asset swap scheme in contact with U.S. banks, funds
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Russian broker running asset swap scheme in contact with U.S. banks, funds
Apr 15, 2024 3:57 AM

*

This content was produced in Russia where the law

restricts

coverage of Russian military operations in Ukraine

MOSCOW, April 15 (Reuters) - The Russian broker

organising a frozen asset swap scheme that could free up

stranded funds for Russian and non-resident investors has seen

tens of billions of roubles of demand from foreigners including

U.S. banks and funds, it said on Monday.

Moscow presents the plan as a way for both Russian and

foreign investors to free up assets that have been blocked by

Western sanctions and Russian counter-measures since the start

of the conflict in Ukraine more than two years ago.

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