March 23 (Reuters) – Russia is scheduled to resume some stock trading on Thursday after a hiatus of almost a month, with 33 ruble shares to be traded on the Moscow Stock Exchange. However, non-residents will have to wait: they will not be able to sell OFZ shares and bonds in rubles until April 1.
Trading in blue-chip securities, including state banks Sberbank and VTB and energy companies Rosneft and Gazprom, will take place between 0650 and 1100 GMT, with short selling prohibited, the central bank said on Wednesday.
Russian shares were last listed on the Moscow Stock Exchange on February 25. The central bank then halted trading as Western sanctions over the invasion of Ukraine threw markets into turmoil.
Until April 1, foreign investors are allowed to carry out operations to reduce their obligations, but not to sell shares or OFZ Treasury bonds in rubles, the Moscow Stock Exchange said.
The central bank began buying ruble-denominated OFZ bonds to support the national debt market when it reopened on Monday, and the Finance Ministry said it plans to spend 1 trillion rubles to buy shares in Russian companies.
The limited reopening of the MOEX index comes after the SPB Stock Exchange, Russia’s second-largest, partially resumed trading in foreign stocks on Monday, allowing trading in the 15 most liquid stocks, including Apple, Amazon, Boeing and Alphabet. .
As of noon on Wednesday, the SPB Stock Exchange allowed the buying and selling of shares of another 1,639 foreign companies to domestic market agents, most of whom are Russian residents who use the platform to trade foreign securities.
Trades and settlements are done in dollars, but the funds will improve in brokers’ accounts and will not be able to be cashed out amid Western sanctions on Russia and capital controls that Moscow has introduced in retaliation, the exchange said.
(Reuters Reports; Edited in Spanish by Carlos Serrano)