EAHCISS News (English)

Earlier this year we wrote about the change in legislation that removed the ban on dividend payments on Russian ADRs: https://news.eahciss.org/2026/01/current-situation-regarding-payments-of.html?m=1 . We have now been receiving confirmations from the Russian custodian banks that hold the ordinary shares underlying the ADRs that they are now again receiving dividends on the shares underlying the ADRs. However, one custodian bank also implied that it depended on whether the issuer had fully implemented the change in legislation yet. So some issuers may not have updated their payment process. Custodian banks only display the ISIN for the ordinary shares underlying the ADRs in their information sheets with application deadlines for payment in your own bank account. So investors are advised to first determine the ISINs of the shares underlying the ADRs they hold, before checking the application deadlines. If no individual application is made before the deadline, then the dividends on share...

We sent out the annual invoices to all members of EAHCISS today. You should be able to find the invoice in your e-mail inbox and in the online membership portal. We are aware that emails may sometimes end up in spam folders. Please do not hesitate to contact us at contact@eahciss.org if you did not receive an invoice or have any other issues or questions. Please contact us if you prefer to pay in USD and we will share our USD account details.

Earlier we asked for help to complete a survey. We can now share the results. We thank all investors that completed the survey. The raw data can be accessed here: https://docs.google.com/spreadsheets/d/1cxPFLwAuFP9hTeBWtWAC35GtuFztWdUM-PyNIhyY4Yw/edit?usp=drivesdk Our understanding is that many brokers have reconciliation problems where the number of ADRs administered does not match the number the custodian has in their books. In our opinion (EU) sanctions do not warrant the freezing of the funds. We will continue to follow this closely.