The Veles Capital company, which fell under US blockade sanctions, temporarily restricts access to trading foreign shares on the St. Petersburg Stock Exchange. The company statement caught the attention of the publication Frank Media.
Earlier, on February 24, on the anniversary of the entry of Russian troops into Ukraine, Washington announced new blockade sanctions against several Russian financial institutions. Veles Capital also fell under the restrictions, the sanctions affected Veles Capital LLC, Veles Capital, Veles Active, Veles Management Ltd, Veles Trust, Veles International Limited, Hadlerco Limited. Also, the owners of these structures, Dmitry Bugatenko and Alexei Gnedovsky, were included in the sanctions list.
The company’s message states that all operations in the Russian market will continue to be available to customers.
“Trading on the St. Petersburg Stock Exchange has been temporarily suspended. The company is doing everything possible to maximize observance of clients’ interests,” Veles Capital said in a statement.
In 2022, the company increased its net profit by 2.6 times, it reached 959.3 million rubles. Veles Capital has been operating since 1995 and specializes in services on the stock market.
Author:
Natalia Gormaleva
Source: RB
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