Permission to extend the programs of depository receipts was received by 15 companies out of 19 applying for it, according to materials on the website of the Ministry of Finance of the Russian Federation.

Such permits were issued by a subcommittee of the government commission on control over foreign investment in the Russian Federation. 114-FZ, which entered into force on April 27, banned the placement of receipts on foreign exchanges and ordered the delisting of existing ones if the government commission does not give permission to keep them.

„A positive decision to continue the circulation of depositary receipts outside the Russian Federation was made on the basis of requests from 15 issuers. In particular, with regard to depository programs of nine issuers, a decision was made on the possibility of continuing programs without limiting their validity period with a recommendation to transfer depositary programs to the jurisdictions of countries not included in the list foreign states and territories committing unfriendly actions against the Russian Federation, Russian legal entities and individuals,” the ministry’s website says.