(Finance) – The Bank of Russia has announced that starting today, May 30, 2022, they will be limited trading of some foreign shares on the St. Petersburg Stock Exchange, the second largest in the country after that of Moscow. The central bank cited the need to protect the rights and interests of investors, although it did not disclose the list of restricted securities.
The measure will apply to foreign shares that have been blocked by international clearing houses, with the exception of shares of foreign companies that carry out “production and economic activity mainly in Russia”.
“Despite the measures introduced by the regulator, the ownership rights of the owners over such foreign securities remain – the note from the Russian Central Bank reads – The trading organized on them will resume as before, as the restrictions will be lifted “.