Reuters: Foreigners banned from selling Russian stocks as market set for limited reopening

Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 rouble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ rouble bonds until April 1.

Trading in blue chips, including state lenders Sberbank (SBER.MM) and VTB (VTBR.MM), energy majors Rosneft (ROSN.MM) and Gazprom (GAZP.MM), will take place between 0650 and 1100 GMT, with short-selling banned, the central bank said on Wednesday.

Until April 1, foreign investors are allowed to conduct operations to lower their obligations including repo deals and deals with derivative instruments, but not to sell shares or OFZ rouble treasury bonds, the Moscow Exchange said.

The full article is available at https://www.reuters.com/business/finance/limited-russian-stock-market-trading-resume-march-24-central-bank-says-2022-03-23/

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