SPB Exchange will be left without a board of directors. Its functions will be transferred to the board of directors of the trading platform. The powers of all current members of the board of directors will be terminated early, the company said.
SPB Exchange shareholders approved the dissolution of the board of directors. Its functions will be transferred to the board of the trading platform, according to a message on the information dissemination center’s website.
The powers of the current members of the board of directors of SPB Exchange will be terminated. The board, which will perform the functions of a board of directors, includes, in particular, the general director of the trading platform, Evgeny Serdyukov, and the heads of some departments and departments.
The United States introduced blocking sanctions against the St. Petersburg Stock Exchange in November 2023. Transactions with foreign instruments and securities are not carried out there.
The volume of securities of Russian investors frozen on the St. Petersburg Stock Exchange is estimated at $3 billion.
Author:
Kirill Bilyk
Source: RB
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