Russian companies overseas listings

Putin signed a new decree on April 16 that requires Russian companies to remove their listings from overseas exchanges. ​

The decree also means foreign holders of the canceled receipts must receive normal shares placed in non-resident accounts in Russia.

How does this work for those listed on 212 and those stuck holding?

4 Likes

The risk/likelihood is the holdings are liquidated for practically nothing. It would be nice if we could have the option to pay for paper certificates of the MCX shares.