Stash Learn

Financial News

Mar 1, 2022

Why Key Exchanges are Halting Trading of Russian Securities

By Stash Team

Platforms including NYSE and Nasdaq are seeking more information from regulators about sanctions.

Twitter LinkedIn Facebook

Starting February 28, 2022, the New York Stock Exchange (NYSE), the Nasdaq, and Over-the-Counter (OTC) markets temporarily halted trading of Russian-related securities. The trading interruption is in response to sanctions of the U.S. and other nations on Russia as a result of the war in Ukraine.

Trading halts may occur due to major news, for technical reasons, or for regulatory developments. The exchanges have decided to pause trading as they seek more information about the ongoing sanctions, according to reports.

What this means for you: 

You may encounter reduced ability to trade Russian-related stocks and ETFs on the Stash platform. 

Russian-related securities on the Stash platform that have been halted for trading on exchanges and restricted from buying on Stash:

  • YNDX
  • CIAN 
  • ERUS
  • OZON
  • OGZPY 
  • LUKOY

Additionally, Stash will restrict buying on the following security:

  • RSX

Customers may still place sell orders, which we will complete at the next eligible window, following the resumption of trading of the securities by the exchanges. At this time, it is unclear when trading will resume, and it may not be any time soon.

Note: Although other Russian-related securities, including ETFs that track the Russian equity market, may still be actively trading, due to the potential risk to investors, Stash encourages you to remain cautious when evaluating these investments.

As always, we urge Stash customers to follow the Stash Way, which includes regular investing, portfolio diversification including investment in various geographic locations, and investing for the long term.

author

Written by

Stash Team

logo

Invest in
yourself.

By using this website you agree to our Terms of Use and Privacy Policy. To begin investing on Stash, you must be approved from an account verification perspective and open a brokerage account.