Who Imports The Most Russian Oil: Infographic

Russia is one of the world’s major oil producers and exporters. Much of Europe including the economic engine Germany depend on Russian oil. Among the emerging markets China is a major consumer of Russian oil. The following infographic shows additional insights on the dependency of other countries for crude oil from Russia: Click to enlarge …

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Some Russian ADRs Can Be Converted To Ordinary Shares Now

BNY Mellon, the depository for many Russian ADRs and other depository programs has offered to exchange ADRs for ordinary shares that trade on the Moscow Stock Exchange for a select group of companies. With this program, ADR holders can convert their ADRs to ordinary shares. Trading of all companies started on the local exchange this …

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Trading of Russian Companies on US Stock Exchanges Halted

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 …

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