The St. Petersburg Exchange has announced the impact of new British sanctions on its operations.

The St. Petersburg Exchange will not change its platform operations following the imposition of UK sanctions against it , the organization's press service told RBC.

"The introduction of UK sanctions against the St. Petersburg Exchange will not impact the trading platform's operations, including efforts to unblock client assets," they assured.

On Thursday, June 13, it became known that London imposed new sanctions against a number of Russian financial institutions and individuals, including the Moscow Exchange, the National Clearing Centre (NCC), and the St. Petersburg Exchange.

In November 2023, the St. Petersburg Exchange was subject to blocking sanctions by the United States . Since then, trading in foreign instruments (US, European, Hong Kong) has been suspended. At the end of December, the HEAD of the Central Bank of RUSSIA, ElviraIn an interview with RBC, Nabiullina reported that by November, private investors' portfolios contained securities traded on the St. Petersburg Exchange worth "slightly more than $3 billion."

In mid-May, SPB Bank, the settlement depository of the St. Petersburg Exchange, reached an agreement with friendly counterparties on a partial unblocking.

The day before, on June 12, the US expanded sanctions against Russia. These restrictions affected financial infrastructure, cloud services, information technology, and LNG projects. Following this, the Moscow Exchange suspended trading in dollars and euros, as EU countries comply with these sanctions. Trading in the Hong Kong DOLLAR was also suspended, as it is pegged to the US dollar.

Following the imposition of US sanctions against the Moscow Exchange, the Central Bank announced that the restrictions "only change the trading structure" in the foreign exchange market and do not affect the volume of foreign currency exports or demand for it. The official ruble exchange rate will be set based on the over-the-counter market. Individuals and companies will be able to purchase foreign currency from banks.