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The halts have been because of regulatory considerations because the exchanges search extra data following financial sanctions towards Russia following its invasion of Ukraine, stated individuals accustomed to the matter.
The Nasdaq-listed shares halted have been Nexters Inc, HeadHunter Group PLC, Ozon Holdings PLC, Qiwi PLC, and Yandex. The NYSE-listed shares halted have been Cian PLC, Mechel PAO and Cellular TeleSystems PAO.
Individually, OTC Markets Group, which offers value data for nearly 10,000 over-the-counter securities, stated it was in search of regulatory data concerning the sanctions on Russia and their impression on the buying and selling of Russian American depository receipts.
“OTC Markets Group is monitoring and dealing with Federal regulators and can act in accordance with their steerage and directives as data turns into accessible,” the New York-based firm stated in an emailed assertion.
The Depository Belief and Clearing Company, an industry-owned group that processes practically all U.S. securities transactions, additionally stated it was assessing the potential impression of the Russia sanctions on the monetary system and volatility.
“We’re intently watching the scenario in Ukraine and are dedicated to defending market stability and offering certainty to our purchasers and the broader {industry},” a spokesperson for the group stated.
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