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24 Feb, 2025

Lawyers Discuss Private Asset Swaps Between Russians and Foreigners

Business NewsForeign Business

Russian and European companies are negotiating private exchanges of blocked assets held on both sides, although the number of such deals remains small – in part due to the need for regulatory approval, lawyers report. In such transactions, professional participants in the securities market aim to unblock either their own assets or those of their clients.

For example, Lukas Röper, managing partner at Vienna-based RK Partners, said his firm had carried out several asset swaps valued between €20–50 million. He explained that in these cases, Russian citizens’ assets, released from blocking by the sanctions authority of an EU country, were exchanged for the frozen assets of Europeans in Russia.

Source: https://www.rbc.ru/business/24/02/2025/67bc105e9a794743c403679c

 

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