St. Petersburg Exchange published a list of foreign securities blocked by decision of the Central Bank • The Bell • RIMA

St. Petersburg Exchange published a list of foreign securities blocked by decision of the Central Bank

SPB Exchange has published a list of foreign securities, trading in which on Russian floors is partially blocked by the decision of the Central Bank.

What's happened

The St. Petersburg Exchange has published a list of foreign securities whose trading on Russian floors is blocked by the decision of the Central Bank (we wrote about it in detail yesterday). We are talking about foreign securities that have passed the primary listing on the US stock exchanges, the platform says . There are 990 items on the list, including Amazon, Alphabet (Google's parent company), Alibaba, eBay, Netflix, NVIDIA and Twitter.

The exception will be companies with business in Russia: HeadHunter, Yandex, Ozon, Cian PLC. Also, the ban will not affect securities listed on other exchanges, in particular, TCS Group and Fix Price.

Whom will it affect

According to Viktor Tunev, Chief Analyst at Ingosstrakh Investments, the restrictions will affect the majority of SPB Exchange clients. “If we take the first top 100 positions in investor portfolios on the SPB100 index, then 72 positions are on the list for restrictions. Their share in the top 100 positions is about 64%,” he told Frank Media. Tesla, Apple and Microsoft, he said, are not subject to restrictions.

The securities will be blocked in proportion to the share of securities held by NSD. For example, it may happen that an investor with 5 Alibaba shares will have one blocked. The proportions are unknown, but in general, in the monetary volume of all shares, the share of blocked shares will be 14%. Dividends will not be paid on blocked securities, they will be accumulated in an international depository.

What should an investor do

Blocking will not significantly affect the liquidity of trading, say market participants interviewed by Kommersant. Yesterday, the shares of the St. Petersburg Exchange fell only by 3.5%.

In addition, in theory, blocked securities can be sold on the over-the-counter market, warning the counterparty of the risks. Brokers provide access to this market.