A New Conversion Option for (large) Holders of Russian ADRs and GDRs (Undervalued Shares)

• However, Russian ADRs and GDRs can currently also be converted into local shares through a legislative initiative of the Russian Federation which does NOT require the collaboration (or even consent) of Western banks and brokerage firms. These local shares will then be held in a so-called Russian “S” account, a limited brokerage account that foreigners can open without having to travel to Russia. Anyone not converting before 12 October 2022 now runs the risk of losing everything. This deadline may be extended, but this matter is now one of real urgency.
• A Switzerland-based law firm is now offering a full-service package for converting ADRs and GDRs into local shares. READ MORE

Similar Posts:

• The Economic Impact of a Boycott on Russian Fossil Fuels (RaboResearch)
• FATCA Fallout: Russia’s #2 Bank VTB to Stop Servicing Russia-Based US Clients (MT)
• Gazprombank GPB Hires Former Senators Lott and Breaux to Fight Russia Sanctions (CPI)
• Jupiter’s Croft: If History Repeats Itself, Russian Stocks Could Double (FE Trustnet)
• Russia Billionaire’s Jailing Unleashes the Shorts on Mobile TeleSystems OJSC (Bloomberg)
• In “Targeted Sanctions,” Putin Spanks Obama at a Russian Art Gallery (Reason.com)
• Emerging Market Debt: Russian Sanctions and a Possible U.S./China Trade War (Vontobel)
• Heatmap: Structure of Russian Exports (Research Affiliates)
• Coutts CIO: Russian Stocks Now Appear Attractive (FE Trustnet)
• Infographic: Russia’s Sphere of Influence in Context (VOX)
• Russian Equities are at “Too Big a Discount” (CNBC)
• EU Slowly Weening Off Russian Crude Gives Moscow Time To Divert Flows To Asia (Zero Hedge)
• Old Russia Hands’ Poll: Where Will Russia’s Economy Be in 5 Years? (MT)
• Russia Now Demands Rubles For Grain As World’s Largest Wheat Exporter (Zero Hedge)
• Graph: The Structure of Russia’s Foreign Debt (Research Affiliates)