Central Bank of the Russian Federation

11/30/2022 | Press release | Distributed by Public on 12/01/2022 04:37

Bank of Russia extends restrictions on exchange trade in blocked securities

In accordance with the regulator's instruction, Russian depositories should continue to keep separate records of their clients' rights to blocked assets. Brokers, in turn, are not entitled to accept and execute clients' orders to carry out transactions with such securities in the exchange market. However, the holders' title to such foreign securities is retained.

These rules do not apply to securities of foreign issuers conducting their main business in Russia.

Preview photo: Fanjianhua / Shutterstock / Fotodom