On Friday, the St Petersburg Exchange (SPB Exchange) announced a limited list of Russian securities would resume trading. Foreign stock trading had been halted on Thursday after the exchange had been added to a US sanctions list.
On the SPB’s website, a press release stated that as of 14:00 Moscow time, trading would resume for the shares of 30 Russian companies listed on the exchange.
On Thursday, dozens of new legal entities and individuals within Russia were added to a list of sanctioned entities by the US Treasury Department, including the SPB Exchange. The exchange immediately said that transactions with all securities were being suspended temporarily. It later said that it would not conduct trading in Russian or foreign securities on November 3rd. Initially the platform indicated it would resume trading on Monday, November 6th.
In a statement, the SPB Exchange said that the sanctions imposed by Washington would not have any effect on client assets, and that it would have an update on further actions in the future.
As the second largest exchange in Russia, the SPB Exchange specializes in the trading of foreign securities. In a description on its website, it notes the exchange offers investors from different nations equal and easy access to international stock markets.