Posted 20 марта 06:14

Published 20 марта 06:14

Modified 20 марта 06:34

Updated 20 марта 06:34

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The Central Bank approved the restriction of trading in valuable security papers of unfriendly military-industrial complex enterprises

20 марта 2023, 06:14
Currently, the valuable securities of 11 companies from Western countries that transfer weapons to Kiev are available to Russian investors.

As Vedomosti writes, referring to the letter of the first deputy head of the Bank of Russia Vladimir Chistyukhin to the deputy from United Russia Alexander Yakubovsky, it is proposed to the chairman of the Central Bank Elvira Nabiullina to declare restrictions on trading in shares of defense industry companies of "unfriendly" countries, including those supplying weapons to Ukraine. The regulator shares the position on the inadmissibility of continuing circulation of securities of these companies in Russia. The Central Bank of the Russian Federation supported the initiative to limit. In the meantime, transactions for the purchase and sale of shares are available through the mobile applications of Russian brokers.

Among the securities of companies that are traded on the Russian stock market are shares of Lockheed Martin Corporation, Raytheon Technologies Corp., Boeing. These are the three largest public military-industrial companies from the United States. They supply the Kiev regime with various weapons from grenade launchers to multiple rocket launchers and drones.

Since February last year, the capitalization of Raytheon has increased from $139 billion to $148 billion (showing an increase of 7%), Boeing – from $122 billion to $132 billion (plus 8%), and Lockheed Martin – from $105 billion to $123 billion (plus 17%).

Yakubovsky believes that domestic trading platforms could preventatively, "for reasons of elementary honesty", limit the turnover of these securities. If necessary, parliamentarians will introduce additional restrictions for the introduction of a ban on trading in securities of such companies.

Last week, the head of the Central Bank of the Russian Federation commented on the information that Western countries cannot find frozen Russian reserves. We are talking about $300 billion that fell under sanctions. Elvira Nabiullina replied that "she can't help in any way."

Western countries have stated that they have found and arrested much fewer Russian reserves than they were going to. At the end of June 2022, the US Treasury reported on the freezing of Russian foreign exchange assets for $ 330 billion, of which 300 billion are assets of the Central Bank.