Nabiullina announced the unfreezing of 570 billion rubles of Russian investors in 2024

In 2024, about 570 billion rubles of investors from Russia were unblocked, Central Bank head Elvira Nabiullina said at the forum "Cybersecurity in Finance" on February 20.

"After the freezing of funds of Russian investors, and not subject to sanctions, we worked out different schemes together with the government in order to release these funds. Some funds were released, last year it was about 570 billion rubles," she said, adding that this unfreezing affected 1.5 million people.

According to her, possible mechanisms to help restore the rights of Russian investors are now being discussed.

Earlier, on February 4, European Commission (EC) head Ursula von der Leyen said that the European Union (EU) was working on the "most creative" use of Russian frozen assets to provide aid to Ukraine.

Earlier, on January 24, Valery Urben, director-general of the Euroclear depositary, said that the confiscation of Russian assets could lead to "unintended consequences" for the EU. According to him, Russia may introduce retaliatory measures.

Before that, on January 10, the EU transferred €3bn to Ukraine in the form of a tranche of a loan from the Group of Seven (G7) against the proceeds from the reinvestment of frozen Russian assets. In total, the initiative envisages the allocation of $50bn to Ukraine, $20bn of which should be provided by the European Union.