Russia Will Limit Retail Investor Access To Shares From ‘Unfriendly’ Countries

Beginning October 1, the Bank of Russia will apply restrictions on retail investors’ access to shares from companies listed in countries the nation deems as ‘unfriendly’ for imposing sanctions against Moscow for its war in Ukraine. 

The instruction, which was announced on Tuesday, aims to minimize the exposure of retail investors to Western sanctions. Millions of Russian investors have reportedly had their foreign securities frozen.

“This decision is aimed at minimizing the infrastructure risks faced by non-qualified investors, since foreign financial institutions maintaining the record of such securities may block the opportunity to dispose of purchased assets without any warning,” the bank said in a statement

The restrictions will come in tiers from October to January. From October 1, retail investors will no longer be allowed to buy foreign securities from brokerages if their portion of a portfolio goes over 15%. Beginning November 1, the threshold will be decreased to 10% of a customer’s portfolio, and then down to 5% beginning December 1. 

Beginning January next year, “brokers will have to suspend the execution of any orders of non-qualified investors to increase their positions in securities of foreign issuers from unfriendly countries.” 

In July, Russia expanded its list of ‘unfriendly’ countries to 48. The list includes the US, the European Union, the United Kingdom, Canada, and Japan.


Information for this briefing was found via the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

$30,000 GOLD: How Trump’s Policies Could Trigger The Next Price Explosion | Simon Marcotte

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

Weaponizing Migration: A Deliberate Strategy to Destabilize Europe

Recent scholarly work and emerging reports suggest that the weaponization of migration has become a...

Wednesday, July 10, 2024, 03:01:00 PM

Saskatchewan Mulls Nuclear Energy Generation

Even though Saskatchewan is one of the largest producers of uranium in the world, the...

Saturday, March 26, 2022, 05:17:00 PM

Russia 1984: Citizens May Soon Be Completely Disconnected From The Internet

With major Western communications and technology companies withdrawing their services from Russia – and subsequent...

Monday, March 7, 2022, 03:04:00 PM

Top Russian Commander Reportedly Arrested Following Prigozhin’s Short-Lived Mutiny

Russian General Sergei Surovikin, deputy commander of Russia’s military operations in Ukraine and current commander...

Thursday, June 29, 2023, 02:18:00 PM

A Near-Total Ban of Exports from G7 to Russia Could Push Putin Closer to Xi

The Group of Seven (G7) countries are reportedly mulling over an almost complete ban on...

Tuesday, April 25, 2023, 06:19:00 AM