Berlin There are still five weeks left. Small investors with depositary receipts for Russian shares can exchange them for original shares without the involvement of their custodian banks until mid-October. In the worst case, they face a forced sale.
Tens of thousands of Germans are affected. But a Handelsblatt survey shows that there are hardly any efforts in German politics to relax EU sanctions against Russia in order to protect the investments of small investors.
Shares in Gazprom, Lukoil and Sberbank are affected. These companies have not issued any shares to investors abroad, only deposit receipts, so-called ADRs. This becomes a problem for small investors. Trading in ADRs has been banned on Western stock exchanges since the beginning of March.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue