The St. Petersburg Exchange carried out settlements on transactions with foreign securities concluded from November 1, before the imposition of sanctions by the US Treasury on the trading platform. According to press release St. Petersburg Exchange, settlements were carried out on November 20. Today, November 21, operations on Russian securities and funds in rubles began without restrictions and as usual.
“Operations with foreign securities and funds in foreign currency are suspended due to restrictions on the movement of assets by foreign settlement institutions in relation to the settlement and clearing infrastructure of the St. Petersburg Exchange,” the text of the release says.
Due to the suspension of transactions with foreign securities, the St. Petersburg Exchange does not implement transfers of funds in foreign currency to other credit and depository organizations until November 27. “By this date, the St. Petersburg Exchange plans to assess the volume of assets that are not subject to restrictions, and, together with market participants, establish mechanisms for the distribution and return of these assets to clients of the settlement and clearing infrastructure of the St. Petersburg Exchange,” the release notes.
On November 2, the US Treasury imposed sanctions on the St. Petersburg Exchange, after which the trading platform suspended trading in foreign securities. From November 3, transactions on the trading platform are possible only with certain Russian securities and shares of the exchange itself. A press release from the St. Petersburg Exchange dated November 21 states that the platform, together with lawyers, is developing options for unlocking client assets.