The Central Bank has extended the restriction on exchange trading in blocked securities

AK&M 30 March 2023 16:53

The Bank of Russia has extended for another 6 months the restriction on the exchange trading of foreign securities blocked by international depositories, which were previously withdrawn to non-trading accounts. This was reported by the regulator.

Russian depositories will continue to keep separate records of clients' rights to blocked assets from April 1, 2023.

Brokers, in turn, do not have the right to accept and execute orders from clients to make transactions with these securities on the exchange market. At the same time, the owners' ownership of such foreign securities remains, the Central Bank emphasizes.