MOSCOW, June 24 (Reuters) - Russia's largest mobile operator MTS said on Monday it plans to buy back 26.3 million blocked shares from foreign shareholders for 2.5 billion roubles ($29.44 million) as part of a tender offer.

MTS' offer, which would see shares purchased at no more than 95 roubles per share, mirrors that of retailer Magnit, which completed a discounted buyback worth about $736 million in 2023, the first deal of its kind that saw Western investors recoup some funds stranded in Russia.

($1 = 84.9100 roubles) (Reporting by Alexander Marrow; additional reporting by Maxim Rodionov; Editing by Susan Fenton)