The Bank of Russia announced the bypass schemes of friendly investors
The Central Bank of the Russian Federation reported on the schemes used by investors from friendly countries.
Investors buy assets from unfriendly investors at a large discount and resell them on the Russian market.
Payments for such transactions are credited to frozen type C accounts, the RBC article emphasizes.
First Deputy Chairman of the Bank of Russia Vladimir Chistyukhin reminded that money can be withdrawn from C accounts only with permission from a government commission.
However, the funds can be used for mandatory expenses: fines, taxes, or the purchase of bonds at Finance Ministry auctions.
The freezing of accounts was a response to the blocking of the Central Bank's gold and foreign exchange reserves abroad.
Chistyukhin explained that the assets of friendly non-residents are mainly stored in standard accounts.
Type C accounts are opened for depositories whose clients cannot be verified.
Funds are credited to non-residents from friendly countries into regular accounts, taking into account the general rules.
According to the Deputy Chairman of the Central Bank, exceptions include situations involving unfair practices.
