SPB Exchange plans to carry out settlements on transactions suspended due to the introduction of sanctions on November 13. After the platform was added to the US blacklist, brokers suspended processing trading orders. Currently, the exchange only has access to settlements of transactions completed before the imposition of sanctions.
The St. Petersburg Stock Exchange, against which the United States imposed blocking sanctions, planned to resolve the stalled transactions on Monday, November 13. This was announced by the director of the St. Petersburg Stock Exchange, Evgeny Serdyukov.
According to Serdyukov, after the introduction of sanctions, intermediaries from other countries suspended the processing of all transaction orders. The exchange suspended operations and received a demand from intermediaries to carry out a compliance procedure. The exchange was not able to obtain complete information on the settlements until November 10.
On November 2, the United States introduced blocking sanctions against SPB Exchange. Immediately after this, the exchange suspended all trading on the site. A few days later it became known that SPB Exchange had replaced its CEO.
After the introduction of sanctions against the St. Petersburg Stock Exchange, the head of the Central Bank, Elvira Nabiullina, stated that the assets of qualified investors were blocked in the first place.
Author:
Kirill Bilyk
Source: RB
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