Armbrok, an Armenian investment firm, offers depository receipts from Russian companies that were listed on foreign exchanges before the crisis, writes RBC. They can be acquired by both institutional and private investors. Transactions are made in the over-the-counter market.

An Armenian broker began selling securities of Russian companies at a deep discount.

“Sellers [активов] they are foreign funds and global banks with which Armbrok has counterparty relationships,” explained the representative of the brokerage.

These agreements allow investors from the Russian Federation to buy shares at a discount and then try to transfer them to the Russian infrastructure. Additionally, large holders have the opportunity to receive at least some funds for depreciated securities.

Depositary receipts for TCS Group, HeadHunter, VK and Yandex shares were available in Armbrok’s December and January offerings.

However, such transactions have a limitation, the securities being sold must not be issued by sanctioned issuers. But they can be bought by an investor from any jurisdiction.

As a source in the financial market told the publication, now all securities, not only Armbrok, are sold at a discount of 50-65%. At the same time, if the prospect of transferring to Russia is not visible, the discount is up to 90%, as is the case with Lukoil receipts.

It was previously reported that Kazakhstan brokers are buying Russian government debt at a deep discount from investors who, due to sanctions, are unable to leave the market.

All services and companies related to relocation on a single map


Natalia Gormaleva

Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.


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