An Update on Russian ADRs

The Russian stock market opened for partial trading last week after being closed for a month. This week all companies on the Moscow Stock Exchange started trading. However Russian stocks are still suspended on the US markets and the London Stock Exchange. Some investors may be eagerly waiting for trading of Russian ADRs to resume. To that end, below is an update from the depository BNY Mellon.

NoteSome Russian ADRs Can Be Converted To Ordinary Shares Now

BNY Mellon has appointed Austria-based Raiffeisen Bank International AG as the custodian for most Russian depository programs according to a notice posted on their site:

Click to enlarge

Source: BNY Mellon

Conditional Books Open Notice:

Source: BNY Mellon

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