According to RIA Novosti, domestic companies and banks trading abroad will have to go through the delisting procedure and convert receipts into shares.

The law comes into force from the date of publication, but the ban will be valid abroad ten days after that.

Russian issuers must terminate agreements on the placement of depository receipts within five working days and report this to the Central Bank of Russia.

Earlier, the Russian regulator from April 18 allowed banks to sell cash to Russians, but only the one that entered the cash desks of banks starting from April 9.

On April 8, the euro rate on the Moscow Exchange for the first time since June 2020 fell to 77 rubles, the dollar fell to 71 rubles.