Investors who have faced the blocking of all transactions on the St. Petersburg Exchange (SPB Exchange) since October 16 are preparing legal claims. The reason for this was the financial losses that arose after the US imposed sanctions against the exchange on November 2, as a result of which trading in foreign shares was suspended and it became impossible for traders to carry out purchase and sale transactions. Baza reports this.

The situation became more complicated on November 30, when withdrawals from investors' accounts in Hong Kong dollars and US dollars began. At the same time, transaction details were not displayed in the exchange application, causing additional inconvenience for users. One of the affected investors said that about 1,5 million rubles were withdrawn from his account. Write-offs continued even when there were no funds in the accounts. Brokers cannot provide clear explanations of where the money goes, shifting the responsibility to the exchange.

St. Petersburg Exchange explains that all transactions carried out two weeks before the imposition of sanctions are subject to blocking. The brokerage company BCS, in turn, blocked an amount proportional to the blocked dollars of the St. Petersburg Exchange, promising a partial return of the funds. However, specific refund details remain unclear.

The Central Bank of the Russian Federation confirmed receipt of requests from investors related to the inclusion of St. Petersburg Exchange in the sanctions lists. In accordance with the documents provided, the exchange is not responsible for failure to fulfill obligations in the event that foreign parent depositories restrict operations due to sanctions.