SPB Exchange plans to hold consultations on foreign share trading for at least seven business days after the imposition of sanctions. This has been reported press service stock markets.
The organization stated that it suspended securities trading by foreign companies in order to carry out compliance procedures. In other words, the exchange aims to determine the procedure for action under sanctions through interaction with Russian and foreign counterparties.
“We expect the consultation to take at least seven working days. The organization said in a statement that it would immediately report the results of the “SPB Exchange”.
United States of America expanded sanctions On November 2 against Russia. Nearly 200 companies were included in the SDN list, meaning they broke away from the dollar system.
In addition to the St. Petersburg Stock Exchange, a number of banks were sanctioned, including Pochta Bank and Russian Standard, as well as various subsidiaries of Gazprom Neft, Bauman Moscow State Technical University and other organizations.
Previously new sanctions against the Russian Federation accepted In Australia.