Trading in shares of Lockheed Martin, Palantir, General Dynamics and eight other US companies will be restricted on the SPB Exchange. All of these companies represent the US defense industry: the Central Bank previously recommended that it stop trading in the securities of these issuers.
SPB Exchange will limit trading in shares of eleven US companies representing the defense industry. This is indicated in the exchange message.
“The measures recommended by the Bank of Russia are aimed at preventive risk reduction for investors in the event of a regulatory act prohibiting the purchase and sale of securities of various foreign companies,” SPB Exchange said in a statement.
We are talking about shares of Aerojet Rocketdyne Holdings, AeroVironment, General Dynamics Corporation, L3Harris Technologies, Lockheed Martin Corporation, Northrop Grumman Corporation, Olin Corporation, Palantir Technologies, Raytheon Technologies Corporation, Smith & Wesson Brands, TransDigm Group Incorporated.
SPB Exchange did not specify when trading in the companies’ shares would be limited, but stressed that the opportunity to sell them would remain.
Earlier it was reported that SPB Exchange would resume trading in securities of foreign companies that carry out their main activities in Russia. These include Yandex, X5 Group, Ozon, Cyan, TCS Group, HeadHunter, VK, Fix Price.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
