Russian officials have confirmed that new government-backed financial accounts, intended to protect assets from potential freezing, have seen minimal participation from investors in so-called ‘unfriendly’ countries. The initiative, which aims to provide a safeguard for foreign capital, has not garnered the anticipated interest, raising concerns about its effectiveness in the current geopolitical climate.
The low uptake has led to speculation that the measures may not be sufficient to attract significant investment, especially given the ongoing sanctions and diplomatic tensions with Western nations. Officials have not yet disclosed specific reasons for the lack of interest, but the situation underscores the challenges Russia faces in maintaining investor confidence amid international pressure.