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Russia freezes trading in up to 14% of U.S.-listed shares on SPB Exchange


© Reuters. FILE PHOTO: National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. REUTERS/Maxim Shemetov/File Photo

(Reuters) – The Russian central bank on Monday said it will restrict trading in some foreign shares that are traded on the SPB Exchange, the country’s second-largest bourse, citing the need to protect investors’ rights and interests.

The central bank said the decision applies to foreign stocks that have been blocked by international clearing houses, except for shares of foreign companies that carry out “production and economic activity mostly in Russia.”

The bank did not disclose the list of shares it was restricting trading in.

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