The court registered a bankruptcy claim for St. Petersburg Exchange, its shares fell to 34%

A claim for declaring bankruptcy of the sanctioned St. Petersburg Exchange appeared in the file of arbitration cases . The site itself emphasizes in response that it has a stable financial condition and has no signs of bankruptcy.

The Moscow Arbitration Court registered a claim for bankruptcy of the St. Petersburg Exchange, it follows from the data of the Arbitration Case File.

The application was registered on November 24 and has not yet been accepted for processing. The defendant in the case is the legal entity of the exchange - PJSC SPB Exchange.

The plaintiff is not identified, and the case file does not disclose the amount of claims against the company. In the St. Petersburg Exchange card on Fedresurs there are no messages about the intentions of any of the debtors or the platform itself to file a claim to declare the company insolvent.

The lawsuit was not filed by the site itself. “SPB Exchange did not file for bankruptcy. SPB Exchange has a stable financial condition, there are no signs of bankruptcy,” its representative told RBC. Amid news of the lawsuit, the site’s shares fell, at one point the collapse reached 34%. Then they started rebuilding.

RBC sent inquiries to the Bank of Russia.

At the beginning of November, the St. Petersburg Exchange came under blocking American sanctions , which means complete isolation of the site from the dollar system and assets denominated in this currency (the main specialization of the exchange is trading in foreign securities). After being included in the SDN list, trading on the site was stopped; now investors have access to transactions only with Russian securities.

General Director of St. Petersburg Exchange Evgeny Serdyukov previously noted that work is underway together with sanction lawyers to unfreeze clients’ assets. Along with adding the site to the sanctions list, the US Department of the Treasury issued a general license to complete the relationship with the exchange until January 31, 2024 . But it is not yet clear whether it will allow the assets of Russian investors to be unblocked.
 

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