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YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

... 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 until April 11. After that, the service will be terminated. Clients of the service will be able to withdraw finances and sell shares until April 15, 2022. It is emphasized that "Yandex" guarantee not only the phased elimination of the project. Even after its complete closure, users will still be able to access their funds through the company's website ...

"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 that NCC had sold all their federal loan bonds (FLBs). The discrete auction, during which the transaction took place, was conducted according to the clearing rules....

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