Tinkoff Investments will suspend trading in euros from February 27
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Tinkoff Investments will suspend trading in euros from February 27, withdrawals in euros will remain available, reported in the broker’s Telegram channel.
“Euro withdrawals will be available. Euro trading will be suspended from 02/27/2023. Euros have been excluded from the list of liquid instruments,” the statement says.
In connection with the inclusion of “Tinkoff Bank” in the EU sanctions list, the broker has developed solutions “for various scenarios.” Foreign securities traded on the SPB Exchange will be transferred to the non-sanctioned company. “In order to avoid the risk of blocking, as well as to take all necessary actions for the transfer, we are temporarily suspending trading in foreign securities. We plan to launch trading within 1-3 weeks,” Tinkoff Investments said.
The broker’s press service stressed that the sanctions do not affect trading, as well as factories or withdrawals of dollars and other currencies.
February 25 European Union introduced the tenth package of sanctions against Russia came into force, 34 legal entities fell under the restrictions, including Alfa Bank, Rosbank And “Tinkoff bank“. After being included in the list in Tinkoff assuredthat they were “well prepared for such a scenario” and that the sanctions would not affect customer service in any way. “Our team has been working for many months to ensure that you can use Tinkoff services as usual, regardless of external circumstances,” the bank said.
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