Russia’s SBP Exchange suspends trading in foreign securities for at least seven days
MOSCOW, November 6. /TASS/: Russia’s Saint Petersburg (SPB) Stock Exchange has suspended trading in foreign securities for compliance procedures, which will take at least seven working days, according to a statement.
The US Treasury Department's Office of Foreign Assets Control (OFAC) blacklisted the SBP Exchange on November 2.
"The SPB Exchange is in contact with Russian and foreign counterparties to establish a framework, given the current situation. We expect that consultations will take at least seven working days," the statement reads.