OREANDA-NEWS  The Russian government is considering the possibility of banning the purchase of securities of foreign organizations at the expense of property on an individual investment account (IIS), the decree may come into force as early as January 1, 2024. Mash writes about this with reference to its own sources.

The publication notes that the document is under consideration, but no final decision has been made. With the help of restrictions, the authorities want to close one of the ways of withdrawing capital abroad, as well as contribute to the growth of the ruble exchange rate.

The purchase of foreign securities for Russians was restricted in the spring of 2023. Brokers were banned from conducting transactions with securities that are registered in an unfriendly depository, and the list of possible investments was reduced for unqualified investors.

Then the decision was explained by the riskiness of such investments. The authorities' fears were realized in November, when the United States imposed blocking sanctions against the St. Petersburg Stock Exchange. The inclusion of the site in the SDN list meant that its American assets were blocked, and US citizens could no longer conduct transactions with it.