Hallo zusammen,
nachfolgend eine Antwort des "custody service" der Sberbank von gestern (02.06.2022), welche ich auf Anfrage erhalten habe:
The depositary bank, JPMorgan Chase Bank N.A., has informed that they will not be able to process Sberbank ADR cancellation instructions and deliver Sberbank ordinary shares to custody accounts opened at Sberbank, due to “Sberbank is an SDN, and such deliveries would fall outside the scope of permitted activities based on the license issued by OFAC to JPM.”
Therefore, DR conversions with delivery of Ords to custody accounts opened at Sberbank will not be possible, though JPM will continue to accept requests to cancel Sberbank ADRs into Ords going to custody accounts opened at Russian banks other than Sberbank until June 16, 2022.
Alternatively, JPM could attempt to sell the securities and distribute proceeds among DR holders via ICSDs, which is normally the case during a DR program winddown. However, non-residents are no longer allowed to trade on the local exchange, therefore, this option does not seem viable at the moment.
Demnach würde auch die erfolgreiche Eröffnung eines Verwahrungs-Depots bei der Sberbank nicht den gewünschten Effekt erzielen..
Beste Grüße