Elvira Nabiullina assessed the impact of blocking sanctions on investors of the St. Petersburg Stock Exchange. According to her, mainly the assets of qualified investors were blocked. Their participation in the site is 80%.
The head of the Bank of Russia commented on the introduction by the United States of blocking sanctions against the St. Petersburg Stock Exchange. According to Elvira Nabiullina, this mainly affected the assets of qualified investors, Interfax reports.
According to the Central Bank, around 80% of the total volume of securities traded on the site belongs to qualified investors.
“This is really a problem. Now the stock market is analyzing the situation and thinking about the measures that can be taken in this regard,” Nabiullina said.
In fact, unqualified investors cannot buy securities in trading organized on the St. Petersburg Stock Exchange, the head of the Central Bank added. While the securities were available for trading, investors sold a significant part of them, the president of the Bank of Russia clarified.
On November 2, the United States introduced blocking sanctions against SPB Exchange. Being on the SDN List involves blocking assets in the United States and prohibiting Americans from interacting with individuals and organizations.
Author:
Kirill Bilyk
Source: RB
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