OREANDA-NEWS By the end of the second quarter, the volume of assets of non-residents in the accounts of Russian brokers decreased by 9.6 percent, to 1.77 trillion rubles, although the total number of accounts increased by 2 percent, to almost 30.5 thousand. Kommersant writes about this with reference to the data of the Central Bank.

Legal entities that have reduced investments by 189.3 billion rubles are responsible for the first result, and private investors (slightly more than 500 accounts) are responsible for the second. The last time there was a decrease in volume was in the third quarter of 2022.

The publication links the formed trend not only with the fall of the Russian stock market, but also with sanctions against the Mosbirzhi group, which significantly reduced the interest of global offshore companies to invest in the Russian market.

Gleb Boyko, a lawyer at the Nektorov, Saveliev and Partners Law firm, noted that some left the market due to secondary sanctions, while others were repelled by the cessation of trading in dollars and euros since June 13. Then activity in other currencies decreased as well.

Maria Agranovskaya, Managing Partner of the Grad Law Firm, believes that the situation will worsen in the third quarter. The license of the U.S. Office of Foreign Assets Control (OFAC), which allowed foreign counterparties to complete transactions with the Moscow Exchange, has expired, so all investors who closed cases with Russian assets will be reflected in the statistics.

Earlier, the head of the National Bank of Kazakhstan Timur Suleimenov announced the adoption of a fundamental decision on the withdrawal of the Moscow Exchange from the shareholders of the Kazakhstan Stock Exchange (KASE). He noted that the parties had an agreement on strategic cooperation, but the sanctions changed the situation. At the same time, Suleymanov thanked his Russian colleagues for their understanding.