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Central Bank of Russia extends restrictions on trading in blocked foreign securities

Photo by Joseph Barrientos on Unsplash

“The Bank of Russia has restricted for another six months the circulation of some foreign securities blocked by international depositories, which were previously withdrawn to non-trading accounts,” the regulator said in a statement.

It is noted that since April 1, depositories will continue to keep records of clients’ rights to blocked assets, and brokers must not accept and execute clients’ orders for transactions in foreign securities on the exchange.

The Bank of Russia has previously defined for depositories order of return of Russian securities, accounted on their client accounts in other countries.

Also regulator extended for another six months, until September 9, 2023, restrictions on cash withdrawals of foreign currency.

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