In Russia, as in many other countries, depositary receipts are used to facilitate investors' purchase of shares. Russian depositary receipts are securities that confirm an investor's right to a certain number of shares. Despite the convenience and flexibility they offer, investors may face several challenges when converting Russian depositary receipts into actual shares. This is [...]
The Supervisory Board of Sberbank recommended paying out dividends for 2022 financial year in the amount of 565 billion rubles, which equals to 25 rubles per share. This is a record amount for Sberbank dividends. The record date for the purpose of Sberbank dividends’ pay out is May 11, 2023. Accordingly, in order to [...]
A depositary receipt is a valuable security issued by foreign issuers that confirms an investor's right to a certain number of shares. Depositary receipts for shares of Russian issuers have traditionally been issued by major American and other foreign banks such as BNY Mellon, JPMorgan, Citibank, Deutsche Bank, and others. Due to the current sanctions [...]
