SPB Exchange will limit trading in securities of US military-industrial companies
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The SPB Exchange, together with trading participants, will limit the ability of investors to conduct transactions to purchase securities of a number of foreign companies. However, the opportunity to sell such securities will remain. Investors can check with their brokers for information on the timing of the introduction of restrictions.
“The measures recommended by the Bank of Russia are aimed at the preventive reduction of risks for investors in the event of the adoption of a regulatory act prohibiting the purchase and sale of securities of a number of foreign companies,” the statement says. message SPB Exchange.
In total, the list of companies, the purchase of securities of which is recommended to be limited, includes 11 names. All companies are based in the USA. Among them are Aerojet Rocketdyne (produces liquid rocket engines), AeroVironment (a defense contractor that develops drones), General Dynamics Corporation (one of the world’s largest manufacturers of military and aerospace equipment), Lockheed Martin Corporation (military industrial corporation).
May 30, 2022 Bank of Russia restricted trading in foreign securities that are in circulation on the SPB Exchange and are blocked by international depositories. It was about American shares, the storage of which is connected with the infrastructure of the National Settlement Depository. The website of the SPB Exchange indicated that the share of such securities is less than 14% of the total traded volume.
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