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Russian central bank orders block on foreign clients' bids to sell Russian securities - document

Published 02/27/2022, 05:06 PM
Updated 02/27/2022, 08:00 PM
© Reuters. FILE PHOTO: A Russian state flag flies over the Central Bank headquarters in Moscow, Russia March 29, 2021. A sign reads: "Bank of Russia". REUTERS/Maxim Shemetov/File Photo

MOSCOW (Reuters) -Russia's central bank has ordered professional stock market participants to suspend the execution of all orders by foreign legal entities and individuals to sell Russian securities from Monday morning, an internal document showed.

The document was published by ACI Russia, the national organisation of Russian financial market specialists.

The bank's media relations department did not respond to a Reuters request to confirm the authenticity of the document.

Two financial market sources confirmed to Reuters that the document had been sent to brokers by the central bank.

It said the measures were being taken by the regulator "in connection with the current crisis in the financial market and in order to ensure the protection of the rights and legitimate interests of investors in financial markets".

The central bank order is valid from 7:00 a.m. (0400 GMT) on Feb. 28 until the "cancellation of this order".

The document does not specify whether it applies to government securities. The order does not apply to applications submitted before 7 a.m. Monday.

The document was signed by central bank deputy chairman Philip Gabunia.

Latest comments

Foreigners investing in Russia stocks lol who does that?
There a "book value" of the Russian stocks that is based on its mineral wealth; those minerals will still be there no matter what the humans living on top of them do.  The huge declines in that market over the last few months have made them about at book value (if not lower).  And then once this crisis goes away, everything jumps back to normal.
Starting to feel the squeeze are we? The russian economy is going into a tailspin
seems like lots of ruskies on this site, either that or ig-norant fox entertainment watchers
Good thing only ih dee ots invest in Russian stocks..
you can't close your shorts now. Rsx??? trapped? I dunno, but I suspected this was coming and am glad I'm not short russia now. I admit I wish I was short 1 month ago
Closing shorts would require buying…
Why would you want to close your shorts? If trading is halted, there's a high chance this market will eventually open significantly lower, then you close your shorts.
I don't blame Russia for showing its power. imagine someone with a drawing one Bitcoin and giving it to you and once you try to withdraw it it's not as value anymore
he’s still listening to fox nit-wits like and the t-rump luuuser
Ukraine Shouldn't Join NATO, we wouldn't have all this now. Every time the talk NATO we get this
russia shouldnt annex soverign territory of other nations and we wouldnt have to talk about nato
who is long Russia now after 30% drop?
Another reason not to invest in China they would do the same thing with Taiwan.
nobody cornered russia
seriously, they were doing well, just look at the oligarch yacht fleet, poutine and his buds just weren’t sharing it with the rest of russia, perhaps that is a lesson for USA, serious wealth concentration there too, and if trump had stayed in the usa would be helping poutine
That's right! Although I am from Russia...
Anyone, that has not sold already probably should not have been "investing" there in the first place.
This is a good retaliation against harsh Western sanctions and cancel culture promulgated by the US-backed NATO.
“Cancel culture” lmfao
that order will break confidence in Russian markets. foreign investors will now avoid any new investments in Russia for the foreseeable future. with that order Putin has put the Death kneel to the Russian economy....
As a russian I should say that Putin in recent years really doesn't care about economy... He only thinks about NATO and "great history of Russia"...
Time to cyberattack them banks then
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