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THE ST. PETERSBURG STOCK EXCHANGE RECOGNIZED THE BLOCKING OF INVESTORS' ASSETS FOR $ 3 BILLION DUE TO SANCTIONS

The St. Petersburg Stock Exchange confirmed the blocking of securities of Russians for a little more than $ 3 billion. This is reported by RBC. "All these securities (worth a little more than $3 billion) were blocked after the introduction of blocking US sanctions on November 2," the St. Petersburg ...

NAFTOGAZ OF UKRAINE ACCUSED THE MINISTERS OF THEIR OWN DEFAULT

... the payment of money on Eurobonds, the company was refused. At the same time, the firm emphasizes that the necessary money was in the accounts, and the default itself is of a technical nature. It is known that Naftogaz in 2019 issued three types of securities for a period of 3, 5 and 7 years. Three-year bonds worth $335 million have a declared yield of 7.3%. Five-year securities in the amount of €600 million are calculated at 7.1%. Seven-year bonds worth $500 million were issued with a yield of ...

YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

Yandex" made a decision to liquidate the Internet service "Yandex.Investments" created for financial management. The reason is the fact that VTB Bank, a former partner in dealing with securities, fell under strict foreign sanctions. The inability to trade assets of foreign companies led to an inevitable outcome. According to Interfax, platform users will be allowed to buy shares and other securities and replenish their accounts ...

"Univer Capital" broker appealed to the Central Bank with a request for reorganization

... the amount were Eurobonds of the Ministry of Finance, the repayment of obligations on which was calculated for 4 years. The reason for the organization’s appeal to the Central Bank of the Russian Federation was the forced sale of a client’s package of securities carried out by the National Clearing Center (NCC) on March 24 and 25, 2022. The authors of letter note that one of the issues of Eurobonds of the Ministry of Finance dollar income could exceed 400% per year. On March 22, the firm informed clients ...

VK announced the risk of default in company

VK (formerly Mail.ru Grou) warned of a possible default in the company. It is possible due to the suspension of trading on the London Stock Exchange, which may lead to the desire of shareholders to sell their securities when trading resumes. A press release on the current situation was published on the official website of the company the day before. It talks about the consequences of suspending trading in global depositary receipts (GDRs). This happened ...

Collapse of the stock market in Russia broke the record of spring 2020

... surpassed a similar drop in the spring of 2020, when the coronavirus pandemic had just begun. The result of the fall was a decline in prices for shares of different categories. Thus, the cost of ‘blue chips’ fell by an average of 10.7%. This affected the securities of such major players as Rosneft, Sberbank, and OZON. Among the shares of the ‘second tier’, there are RN-Western Siberia PJSC, GTL PJSC and Belona that demonstrated the largest rollback. The value of their securities fell by 10-12%, Interfax ...

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