Mon 08 August 2022:
On Wednesday, Russia’s Saint Petersburg Stock Exchange (SPB) will resume full trading in hundreds of foreign equities, boosting Russians’ ability to purchase and sell international shares.
Investors will be able to trade shares of around 200 foreign businesses, including Apple and Tesla, which are popular stock selections among Russian retail investors, beginning at 10 a.m. Moscow time (07:00 GMT) on Wednesday, according to a statement from the exchange. Trading was previously restricted to the afternoon session.
The SPB, Russia’s second-largest bourse, specialises in foreign shares and has pushed back against calls from Russia’s central bank for brokers to block retail investors from being able to access foreign shares.
The central bank moved in May to restrict trading in some foreign shares in response to sweeping sanctions imposed on Moscow by the West over the war in Ukraine.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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