Siluanov: It is theoretically possible to create a fund to support retail investors in Russia
MOSCOW, November 25 – RIA Novosti. The Minister of Finance of the Russian Federation Anton Siluanov, in an interview with Naila Asker-zade on the TV channel, said that it is theoretically possible to create a fund to support retail investors, the idea is at the initial stage of discussion. “Russia 24”.
Siluanov said that the journalist has suggestions to create a fund to support, “It is not an easy situation, that’s all. There are such initiatives. However, they are being evaluated, I can say at the initial evaluation stage.” retail investors.
“The issue is also being considered. But it is more complex, here first you need to verify the volume of frozen assets, you need to verify this. In principle, on the one hand, this is theoretically possible. On the other hand, here we have the frozen funds of foreign investors already frozen in the Russian Federation, frozen abroad. “You have to take a series of legal decisions that will allow us to use it for settlements on assets,” he said.
In early September, Elvira Nabiullina, head of the Central Bank of the Russian Federation, reported that the regulator was discussing the creation of a compensation fund for investors affected by the blocking of part of its assets in connection with foreign companies. . He then noted that the idea of a compensation fund based on the Deposit Insurance Institution (DIA) is still being discussed, but the Central Bank is ready to consider other proposals.
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