New Russian rules are complicating a popular route for investors to exit their holdings by selling their securities to brokerages in so-called friendly nations.
According to the decree signed by Russian President Vladimir Putin last week, transactions with government ruble bonds, depository receipts and eurobonds that were purchased after March 1 last year from investors in unfriendly countries and registered with Russian custodians, will now require approval from the central bank or a special government commission.
