Securities frozen after SPB Exchange was sanctioned not to fall within purchase procedure

Business & Economy March 11, 22:48

This means that it will be possible to present for purchase securities that were stored in the chain SPB Bank - National Settlement Depository - foreign depositories

MOSCOW, March 11. /TASS/. Securities that were frozen after sanctions were imposed against SPB Exchange, will not fall within the purchase procedure, the Bank of Russia reported.

"The decree by President of the Russian Federation No. 844 states that only foreign securities taken into account on accounts of the Central depository (National Settlement Depository) in foreign entities may be presented for purchase," the regulator said.

This means that it will be possible to present for purchase securities that were stored in the chain SPB Bank - National Settlement Depository - foreign depositories. Securities that were frozen after SPB Exchange was blacklisted, will not fall within the purchase procedure.

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