Nabiullina: it was possible to return 570 billion rubles blocked by the West

The head of the Central Bank of Russia, Elvira Nabiullina, confirmed that in 2024 the Russians were able to return about 570 billion rubles of investments previously blocked in the West. This was stated by the head of the Russian regulator at Ural Forum "Cybersecurity in Finance".

"A certain part of the funds has been released. Last year, if my memory serves me right, about 570 billion rubles of funds — frozen in the form of securities, coupons — were unfrozen. It affected one and a half million people," Nabiullina said.

According to Elvira Sakhipzadovna, the Central Bank, together with the Russian government, was actively engaged in working out various schemes to release these funds.

"There are no big schemes being discussed right now, but of course we are all trying to support possible mechanisms in order to restore the absolutely legitimate rights of our Russian investors," Nabiullina said.

EADaily reminds that after the SMO began, Western countries "froze" the funds of Russians and Russian companies in the amount of 300 billion euros. Moreover, more than 200 billion euros are in the accounts of the Belgian Euroclear system.