Updated as of October 31, 2022
The U.S. and other governments have specifically sanctioned certain Russian companies that issue securities, meaning these securities cannot be traded or transferred. In addition, the U.S. has prohibited the purchase of new and existing debt and equity securities issued by all Russian companies. As a result, trading in all Russian securities has been either fully or partially restricted.
- What Russian securities have been restricted?
Certain Russian securities subject to specific sanctions were fully restricted on May 25, 2022. You currently cannot trade or transfer your positions in any sanctioned Russian security.
As of June 6, 2022, you cannot open new positions (long or short) in non-sanctioned Russian securities. However, you may sell or hold your positions in non-sanctioned Russian securities.
Sanctioned Russian Securities
- If I hold sanctioned Russian securities, can I access my account? Yes, you will have full access to your IBKR account. However, you will not be able to trade or transfer any positions in any sanctioned Russian security.
- Can I trade or transfer my positions in sanctioned Russian securities to another broker? No. Positions in sanctioned Russian securities are frozen. You are not able to trade or transfer these positions until the sanctions are lifted or you receive a specific license from OFAC.
- Can I receive Dividends on Sanctioned Russian Securities No. IBKR is not allocated the dividend from the custodian and is prohibited from processing dividend payments on sanctioned securities.
- How will Corporate Actions be processed on sanctioned Russian Securities?IBKR will not perform processing on sanctioned Russian securities including Corporate Actions that would change the value of your position in the security (including conversions of securities positions into cash, such as via mandatory tender offer or cash merger or new rights or positions). Stock splits and other corporate actions that do not change the economic value of your position may be processed.
UK and Canadian Sanctioned Securities
- What additional sanctions apply to U.K. and Canadian persons?
The U.K. and Canada imposed their own sanctions on certain Russian issuers, on top of those issued by the U.S. and EU. U.K. and Canadian persons (including IBUK and IB Canada customers, and citizens/residents of the U.K. or Canada) may be fully restricted from trading or transferring positions in Russian issuers sanctioned by these jurisdictions. These issuers are listed or were previously listed on the Moscow Stock Exchange, the Vienna Stock Exchange, the Stuttgart Stock Exchange, and the Nasdaq Stock Market.
Additional Information