Russia puts cap on investors’ offshore security purchases

07.09.2022

exceeds 15%, the central bank said.

This ceiling for non-qualified investors will be lowered to 10% from Nov. 1 and to 5% from Dec. 1.

"From Jan. 1, 2023, brokerages will have to suspend the execution of any order from a non-qualified investor to increase a position in securities of foreign issuers...