After the attack on Ukraine, the West imposed financial sanctions on Russia. Investors from abroad get neither the assets nor the interest and dividends - and remove the money from their balance sheets.
Foreign investors still make big money from Russian assets. These are, for example, dividends and interest from shares or bonds that they did not sell in time in view of the Russian war of aggression in Ukraine. The problem: The investors can't get their money - and they probably won't be able to do that in the foreseeable future either.
How high these assets are is unclear. The Russian central bank does not publish any data that could indicate this. President Elvira Nabiullina recently said only that the volume is growing. Last November, the Russian news agency Interfax put the sum at the equivalent of $3.7 billion.
According to financial news agency Bloomberg, most of the money belongs to leading international financial houses such as Wall Street bank JP Morgan. According to the report, most companies expect not to get it as long as Vladimir Putin is President of Russia or Western sanctions are in place.
Investors don't even want to try to test the sanctions and get the money, it said. The fear that this would become known and that the involvement in Russia would then be discussed in the western public was too great. Most companies have therefore written off the money. "Just forget it," quotes "Bloomberg" Tim Love from the Swiss asset manager GAM.
