Some investors have encountered problems unblocking assets under the EU license due to participation in the SPB Exchange chain, which came under US blocking sanctions on November 2. In this respect reports RBC with reference to sources in the financial market.
The source said that an investor who had previously received a license to unlock foreign assets was in St. He said he could no longer use it to transfer securities due to the St. Petersburg Stock Exchange’s participation in the chain. According to the interlocutor, after the United States imposed restrictions on the trading platform, the guarantor (a foreign operating company involved in unlocking assets) refused to implement the licenses. According to another source, the chain has foreign counterparties in St. He was forced to refuse to transfer the director’s assets under a previously obtained license, since it contained one of the structures through which he could connect with the St. Petersburg Stock Exchange. In this case, it was decided to seek new counterparties in order to prevent the assets from being blocked again and again.
Publication, St. He writes that cases of problems with unlocking assets with EU permission due to sanctions against the St. Petersburg Stock Exchange are still rare. But the lawyers he spoke with did not rule out the possibility that the number of victims could increase: the publication’s sources talked about the risks of permissions already issued to unlock assets, but European counterparties do not have to comply with US sanctions and can generally interact with the US. changing.
As part of the restrictions, American companies were banned from St. It is prohibited to conduct any transactions with the St. Petersburg Stock Exchange.
How will this situation affect foreign shareholders? material “Newspapers.Ru”.
Previously SPB Stock Exchange approved various action scenarios aimed at providing investors with access to assets.
Source: Gazeta
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