Sanctions against the Moscow Exchange and bankers

21 February 2023
Sanctions against the Moscow Exchange and bankers
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Presidential decree #82/2023 of February 19, 2023 

Decision-maker: the President of Ukraine 

Who is affected: Russian banking sector and participants of the Ukrainian Stock Exchange market 

Summary of the decree: 

  • Ukraine imposes sanctions against 333 natural persons whose activities are connected to the banking sector of the Russian Federation and against the Public Joint-Stock Company Moscow Exchange MICEX-RTS 
  • the individuals in question fall under the following restrictions: blocking of assets, a ban on the withdrawal of capital outside of Ukraine, prohibition to participate in privatization, prohibition to entry into the territory of Ukraine, and prohibition to buy land in Ukraine 
  • the following sanctions are imposed against the MICEX-RTS Moscow Exchange: blocking of assets, suspension of all trading operations, prohibition to participate in privatization and procurements, and prohibition for Ukrainian legal entities to use trading systems Plaza and FORTS 
  • sanctions are imposed against the individuals in question and the Moscow Stock Exchange for a period of 10 years. 

What is right: 

  • Russian banking sector will have no influence on the Ukrainian market anymore 
  • Ukranian stock exchange will stop using Russian software.