After the sanctions were introduced, we warned uae telegram data about these [infrastructure] risks and restricted the ability of
By February of last year, our investors had almost $7 billion worth of foreign securities in their hands. As of November of this year, there was just over $3 billion left. That is, people have significantly reduced their investments in foreign securities during this time. And now, among the holders of foreign securities, 80% are already qualified investors.
And, of course, there are risks of investing
in foreign securities even through the infrastructure of friendly countries. We warned about them and obliged brokers to inform clients about such risks. It is one thing if you work in the Russian jurisdiction, and another thing if you take on the risks of a foreign jurisdiction. We see that our concerns were not in vain, because many investors who owned foreign securities through the infrastructure of friendly countries encountered problems. Now, due to the risk of secondary sanctions, these organizations are conducting lengthy compliance procedures.
— How does the regulator see the fate and prospects of the St. Petersburg Exchange?
We have many financial institutions already u
nder sanctions, quite large ones. And you can embrace charming december and walk away see for yourself that almost all of them have adapted, adjusted, changed their business models, and are developing. And I am sure that the SPB Exchange ao lists will not be an exception. It is already thinking about new services, new products. It has both high-tech infrastructure and professional competencies. Therefore, I have no concerns here.