Trading in foreign securities on the St. Petersburg Stock Exchange will not take place for at least seven days, the site’s press service reported. The reason for the suspension was compliance procedures.
As explained in the press service, the platform is working with Russian and foreign counterparts to determine the course of action in the current situation.
“We anticipate that consultations will last at least seven business days,” the statement said.
SPB Exchange became one of the organizations that joined the US sanctions list in early November. Getting on the US SDN list means isolating the dollar system, freezing assets, and banning cooperation with US companies.
Due to its inclusion in the sanctions list, SPB Exchange is forced to withdraw from the capital of the international platform TS in Kazakhstan, where it owns 10%.
Author:
Natalia Gormaleva
Source: RB
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