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Russian broker launches plan to sell frozen assets held abroad despite Western sanctions over invasion of Ukraine

Russian brokers have launched a swap scheme meant to let Russian investors sell the securities that were frozen as a result of their country's invasion of Ukraine, according to the scheme's organizer.

Under the plan, a central broker appointed by Russia's finance ministry has started to set prices for frozen foreign assets and will take offers until May 8 from investors wishing to sell their assets.

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