The volume of assets of Russians, blocked due to sanctions, amounted to 5.7 trillion rubles at the end of November 2022. This estimate was given by Olga Shishlyannikova, director of the Department of Investment Financial Intermediaries of the Bank of Russia, writes RBC.

“We have 5.7 trillion rubles of blocked assets as of November 30 [2022]. Of these, just over 20% are assets owned by retail investors. It’s a very heavy history, and it was taken into account when deciding to prohibit non-qualified investors to purchase the relevant securities in the future,” she said.

According to Shishlyannikova, the financial industry is now awaiting a response from EU authorities, where Russian brokers had earlier submitted appeals for unblocking.

“If the actions of financial organizations will not lead to success, then we will then think about some other solutions. Some of the possible further actions are being worked out, but for now we are waiting for the consideration of petitions of financial organizations to the Belgian and Luxembourg regulators,” – said the head of the department.