Transfers of non-sanctioned Russian securities to a non-U.S. broker by non-EU persons for divestment purposes will be evaluated on a case-by-case basis.  Requests should include an attestation that the transfer is for the purpose of divesting the holding to a non-U.S. person.  IBKR reserves the right to reject or cancel pending transfers. …

The Russian government has established its own procedures through which Russian residents can convert Depository Receipts or submit a forced transfer of Russian securities to the NSD.  In compliance with relevant sanctions laws and regulations, including those issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), IBKR does not participate in either process and will not provide signed and stamped statements, safekeeping certificates, or depositary/custodian information for Russian securities that can be used to facilitate either process…

IBKR can process conversions of depository receipts on non-sanctioned Russian securities so long as the ADR/GDR is eligible for conversion and these transactions settle before August 13, 2024.  IBKR will attempt to facilitate these conversions on a best-efforts basis and cannot guarantee the completion of the transaction.  Pending ADR/GDR conversions of non-sanctioned Russian securities will be subject to cancellation on August 13, 2024…

There is a wind-down period until August 13, 2024, during which clients can divest (close out) to non-U.S. persons non-sanctioned Russian securities traded on MOEX or cleared through the NCC/NSD.  Starting August 13, non-sanctioned Russian securities will be fully restricted and you will not be able to trade or transfer your positions. …

In June 2024, the U.S. and the U.K. sanctioned the Moscow Exchange (MOEX), the Russian clearinghouse (NCC), and the Russian Depository (NSD).  These sanctions generally prohibit transactions involving these entities by U.S. and U.K. people and entities, which includes Interactive Brokers LLC and Interactive Brokers (U.K.) Ltd. and, by extension, their affiliates. …

Under the sanctions, IBKR customers are not allowed to conduct transactions involving MOEX, NCC, and NSD, unless separately authorized.   

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