OREANDA-NEWS The St. Petersburg Stock Exchange (St. Petersburg Stock Exchange), which fell under the blocking sanctions of the United States, suspended trading in foreign shares. This is reported by TASS with reference to the auction data.

The St. Petersburg Stock Exchange, which is the only platform in Russia for trading foreign stocks, among other domestic and foreign organizations, came under US restrictions on November 2. Its shares began to fall immediately after the relevant information was posted on the website of the American Ministry of Finance. At the time of writing, the decrease is slightly less than 20 percent.

The materials of the American department also say about the extension until January 31, 2024 of the possibility of performing a number of separate transactions with the St. Petersburg Stock Exchange. To do this, the Ministry of Finance has issued a corresponding general license. It says that permission is necessary for the gradual termination of work with the exchange.

In total, more than 190 companies and 37 individuals fell under the new restrictions, including Deputy heads of the Ministry of Industry and Trade of Russia Alexey Besprozvannykh and Viktor Yevtukhov.