GFLO Consultancy

Europe

How to Claim Lukoil Depositary Receipts Dividends (Non-Converted Lukoil DR Guide)

Application channel: Renaissance Capital Russia (ex‑Citibank AO) Applications for Lukoil DR dividends are submitted via Renaissance Capital Russia, which has acquired AO Citibank, the former Russian subsidiary of Citi. The functions previously performed by Citibank AO in relation to custody and settlement, including the servicing of Lukoil DR‑related dividend claims, have effectively been transferred [...]

Conversion of Russian ADRs & Recovery of Blocked Shares (2026)

What does the ownership chain look like? The ownership chain for these shares is structured as follows: Issuer → Shareholder Register → Russian Depository → Foreign Broker → Client. Therefore, although the shares are physically located in Russia, the ultimate holder is a foreign legal entity (the Client). What happens to the blocked [...]

Go to Top