The SPB Stock Exchange announced the suspension of organized securities trading. They stopped on May 13 at 3:05 p.m. due to a technical failure, the site reported.
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“The reasons for the technical failure are being clarified. In addition, the time for the resumption of organized securities trading will be announced,” the trading platform reported in a statement.
- SPB Stock Exchange specialized in trading securities of international companies. In the fall of 2023, the site was placed on the US SDN list, resulting in its isolation from the dollar system, a ban on cooperating with US companies, and other restrictions.
- After this, the general director of the trading platform, Evgeny Serdyukov, said that in the new realities, the St. Petersburg Stock Exchange will focus on IPOs of sanctioned Russian companies.
- The net profit of the St. Petersburg Stock Exchange decreased by 2.8 times at the end of 2023, as follows from the financial statements of the trading platform. Thus, profit according to IFRS amounted to 680 million rubles, compared to 1,926 million rubles in the previous year.
Author:
Natalia Gormaleva
Source: RB
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