Russia has offered to swap Western investors' assets stuck in the country for some Russian assets frozen by the West after Russia's war on Ukraine.
Under the proposal, Moscow would give interested Western investors the opportunity to buy assets of Russian companies frozen in Europe using their own funds held in restricted accounts in Russia that cannot be spent outside the country.
The proposed deal aims to lift the ban on $1.1 billion, mostly owned by individual investors, out of a total of $1.5 billion of Russian-owned holdings in the West.
Source(Al-Asharq Al-Awsat Newspaper, Edited)
