The Bank of Russia has decided to limit circulation of foreign securities blocked by international settlement and clearing organizations in organized trades from May 30, 2022. This is stated in a statement by the Central Bank. This decision is aimed at protecting the rights and interests of investors and minimizing their risks.

The exceptions will be securities of foreign issuers, carrying out production and economic activities mainly in Russia.

At the moment, blocked foreign securities are traded in small quantities on the SPX Exchange. Since such assets are not marked in its trading and clearing system, they will be distributed among trading participants and their clients on equal terms, taking into account proportionality and with possible exclusion of small client portfolios to non-trading accounts.

Notwithstanding the measures imposed, ownership of such foreign securities will be retained. Organized trading in them will resume as usual as restrictions are lifted.