The New York Stock Exchange (NYSE) and NASDAQ have halted trading of Russian companies trading on their exchanges effective yesterday Feb 28th, 2022. The halt will be in effect until further notice. It is not clear when the halt will be lifted. Until then investors will not be able to buy or sell them. Below is an excerpt from a Reuters article:
NEW YORK, Feb 28 (Reuters) – Nasdaq Inc (NDAQ.O) and Intercontinental Exchange Inc’s (ICE.N) NYSE have temporarily halted trading in the stocks of Russia-based companies listed on their exchanges, their websites showed.
The halts were due to regulatory concerns as the exchanges seek more information following economic sanctions imposed on Russia because of its invasion of Ukraine, people familiar with the matter said.
The Nasdaq-listed stocks halted are: Nexters Inc , HeadHunter Group PLC (HHR.O), Ozon Holdings PLC (OZON.O), Qiwi PLC (QIWI.O) and Yandex (YNDX.O).
Source: NYSE, Nasdaq halt trading in stocks of Russia-based companies, Feb 28, 2022, Reuters
The NYSE-listed stocks that are halted are:
Are Russian stocks trading on the OTC markets also halted?
Currently OTC Markets Group has NOT halted Russian stocks trading on the OTC markets. Per the Reuters piece, they are seeking clarification regarding the sanctions imposed recently on Russia and their impact on trading depository receipts of Russian firms.
So major firms like Gazprom(OGZPY), Lukoil(LUKOY), Surgutneftegas(SGTZY), etc. will continue to be traded as usual.
Related Page:
Related:
- Putin signs decree to remove Russian stocks from overseas exchanges in huge blow to the nation’s billionaires, Yahoo Finance, April 19, 2022
- London Stock Exchange suspends trading in 27 firms with strong links to Russia, The Guardian
- London Stock Exchange Shuts Down Trading of Russia Securities, WSJ
- ‘We can’t sell our Russian stocks’: Russian companies are being erased from stock indexes as Putin’s Ukraine invasion makes them ‘uninvestable’, Fortune
- Analysis: Getting rid of Russian assets a big problem for U.S. fund managers, Reuters
- Germany’s Stock Exchange Closes Door on Trading Russian Securities, WSJ
- Russian Markets Remain Shuttered Following Sanctions, WSJ
- The Complete List of Russian ADRs
Disclosure: No positions
I hold LKOD and not LUKOY. How do the two differ? How will both be impacted?
LUKOY is the ADR trading on the OTC markets in the US. LKOD is the ADR trading on the London Stock Exchange (London International Market). If you are in the US you buy LUKOY. In the UK you buy LKOD.
Both are suspended now until further notice.
Does anyone know how to concert Russian ADR’s to common stock ?
Thank you,
Doug
Yes. Please see the article:
Some Russian ADRs Can Be Converted To Ordinary Shares Now
https://topforeignstocks.com/2022/04/01/russian-adrs-can-be-converted-to-ordinary-shares-now/
Thanks.