The SPB Stock Exchange suspended its operations after being included on the United States sanctions list. Against the background of the news, the site’s shares fell sharply. The SPB Exchange website was down for some time but is now back up and running.
SPB Exchange suspended operations on the site after news of its inclusion on the US sanctions list. TASS reported this.
SPB Exchange is Russia’s largest platform for trading shares of foreign companies.
At 18:25 Moscow time, the St. Petersburg Stock Exchange website was unavailable, but at 18:30 Moscow time it was restored.
Against the background of the news about the inclusion of the St. Petersburg Stock Exchange in the US SDN List, the platform’s share price on the Moscow Stock Exchange fell by 20%. At 18:30 Moscow time, the decline continued and amounted to 22.2%.
Author:
Kirill Bilyk
Source: RB
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