Discounts applied upon liquidation of shares (underlying ADRs)

After the liquidation of the Sberbank shares underlying the ADR-program, various investors seem to wonder what the background is of this discount. Decree No. 81 of the President of the Russian Federation dated March 1, 2022, "On Additional Temporary Economic Measures to Ensure the Financial Stability of the Russian Federation" (Decree No. 81; https://www.consultant.ru/document/cons_doc_LAW_410578/ ) established a special procedure for the execution of transactions involving securities between residents of the Russian Federation and "persons of foreign states committing unfriendly acts". According to the general rule stipulated by Decree No. 81, transactions involving securities between residents of the Russian Federation and "unfriendly persons" are only possible with the permission of the Government Commission for the Control of Foreign Investment in the Russian Federation (the Government Commission). The minutes of the Government Commission meeting of th...

Video of Webinar on claiming Evraz NTMK shares

Thank you all very much for joining yesterday's webinar on claiming Evraz NTMK shares! We have now published the video on YouTube (https://youtu.be/G5EAAPb1GyI).

I want those shares! How to apply for Evraz NTMK shares as a shareholder in Evraz Plc.
In this webinar, hosted on the 27th of September 2025, we aim to inform investors in Evraz about the process of applying for direct ownership in Evraz NTMK. 

Topics that are covert are the opening of a brokerage account with Cifra broker, the basic conditions for claiming Evraz NTMK shares and how to go through the process if you either were issued Evraz share certificates before August 5th 2022 (lucky you!) or if you held your shares via a broker after the 4th of August 2022 (this means the process is a bit more complicated).

We have added the presentation from the webinar as an attachment for your reference.