Russia had previously allowed ADR holders to convert their shares to the underlying security through a forced procedure. At the moment there is not enough time to for this route to be successful as we are too close to the deadline.
Depending on which securities you own and who your broker is there are a few special cases that may still be eligible to convert.
If you have questions about your frozen Russian ADRs and would like to talk to an expert please email us to book a consultation.
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To find the value of your DRs using the chart below, follow these steps. Multiply the number of DR shares you own by the conversion factor. This gives you the number of underlying shares you are entitled to. Then multiply the number of underlying shares by the price of the underlying ISIN. This will give you the value after conversion.
| DR ISSUE | SYMBOL | CUSIP | RATIO DR:ORD | Conversion Factor | DEP. BANK | UNDERLYING_ISIN | UNDERLYING_SEDOL | US_ISIN |
| Acron – 144A | 34NF | 00501T100 | 10:1 | 0.1 | DB | RU0009028674 | BOSKP84 | US00501T1007 |
| Acron – Reg. S | AKRN | 00501T209 | 10:1 | 0.1 | DB | RU0009028674 | BOSKP84 | US00501T2096 |
| Aeroflot Russian Airlines | AERZY | 69343R309 | 1:5 | 5 | DB | RU0009062285 | 5216200 | US69343R3093 |
| Aeroflot Russian Airlines – 144A | — | 69343R101 | 1:5 | 5 | DB | RU0009062285 | 5216200 | US69343R1014 |
| Aeroflot Russian Airlines – Reg. S | — | 69343R200 | 1:5 | 5 | DB | RU0009062285 | 5216200 | US69343R2004 |
| Cian PLC | CIAN | 83418T108 | 1:1 | 1 | BK | CY0109642112 | US83418T1088 | |
| En+ – 144A | 94PF | 2.94E+113 | 1:1 | 1 | CIT | JE00BD5ZS068 | US29355E1091 | |
| En+ – Reg. S | ENPL | 2.94E+212 | 1:1 | 1 | CIT | JE00BD5ZS068 | US29355E2081 | |
| Etalon Group – 144A | 62UM | 29760G202 | 1:1 | 1 | BK | GB00BCDPBX55 | US29760G2021 | |
| Etalon Group – Reg. S | ETLN | 29760G103 | 1:1 | 1 | BK | GB00BCDPBX55 | US29760G1031 | |
| Fix Price Group PLC – 144A | 81CM | 33835G106 | 1:1 | 1 | BK | VGG352641036 | BN30342 | US33835G1067 |
| Fix Price Group PLC – Reg. S | FIXP | 33835G205 | 1:1 | 1 | BK | VGG352641036 | BN30342 | US33835G2057 |
| 222 | GZPFY | 36829G107 | 1:5 | 5 | GP | RU0009062467 | US36829G1076 | |
| Global Ports – 144A | 8OGM | 37951Q103 | 1:3 | 3 | JPMC | CY0101972210 | B7FFPK3 | US37951Q1031 |
| Global Ports – Reg. S | GLPR | 37951Q202 | 1:3 | 3 | JPMC | CY0101972210 | B7FFPK3 | US37951Q2021 |
| GlobalTrans Investment – 144A | 38KH | 3.79E+109 | 1:1 | 1 | CIT | CY0101942213 | B2QTGT5 | US37949E1055 |
| Hydraulic Machines & Systems-HMS – 144A | 46GM | 40425X308 | 1:5 | 5 | BK | CY0104230913 | US40425X3089 | |
| Hydraulic Machines & Systems-HMS – Reg. S | HMSG | 40425X407 | 1:5 | 5 | BK | CY0104230913 | US40425X4079 | |
| Lenta Ltd – 144A | LNTR | 52634T101 | 5:1 | 0.2 | DB | VGG5463A1093 | US52634T1016 | |
| Lenta Ltd – Reg. S | LNTA | 52634T200 | 5:1 | 0.2 | DB | VGG5463A1093 | US52634T2006 | |
| LSR Group – 144A | 54UD | 50218G107 | 5:1 | 0.2 | DB | RU000A0JPFP0 | B24F5K9 | US50218G1076 |
| LSR Group – Reg.S | LSRG | 50218G206 | 5:1 | 0.2 | DB | RU000A0JPFP0 | B24F5K9 | US50218G2066 |
| Magnitogorsk Iron & Steel Work – 144A | 42CL | 559189105 | 1:13 | 13 | CIT | RU0009084396 | B5B1RP0 | US5591891057 |
| Mail.ru – 144A | 61HE | 560317109 | 1:1 | 1 | CIT | US5603172082 | B53NQB3 | US5603171092 |
| Mail.ru – Reg. S | 560317208 | 1:1 | 1 | CIT | US5603172082 | B53NQB3 | US5603172082 | |
| Mechel – Pref. | MTLPR | 583840509 | 2:1 | 0.5 | DB | RU000A0JPV70 | B3BNXN2 | US5838405091 |
| Mechel – Reg. S | — | 583840707 | 1:2 | 2 | DB | RU000A0DKXV5 | B5960H0 | US5838407071 |
| Mechel Steel | MTL | 583840608 | 1:2 | 2 | DB | RU000A0DKXV5 | B5960H0 | US5838406081 |
| Mobile Telesystems Public Joint Sto | MBT | 607409109 | 1:2 | 2 | JPMC | RU0007775219 | 7150339 | US6074091090 |
| Neftynaya Companiya-Rosneft – 144A | 40XT | 67812M108 | 1:1 | 1 | JPMC | RU000A0J2Q06 | B17KP48 | US67812M1080 |
| Neftynaya Companiya-Rosneft – Reg. S | ROSN | 67812M207 | 1:1 | 1 | JPMC | RU000A0J2Q06 | B17KP48 | US67812M2070 |
| Novatek – Reg. S | NVTK | 669888109 | 1:10 | 10 | BK | RU000A0DKVS5 | B59HPK1 | US6698881090 |
| Novolipetsk Steel-NLMK – 144A | NLMA | 6.70E+109 | 1:10 | 10 | DB | RU0009046452 | 4578741 | US67011E1055 |
| Novolipetsk Steel-NLMK – RegS | NLMK | 6.70E+208 | 1:10 | 10 | DB | RU0009046452 | 4578741 | US67011E2046 |
| Novorossiysk – 144A | 71FG | 67011U109 | 2:15 | 7.5 | JPMC | RU0009084446 | 4639853 | US67011U1097 |
| Novorossiysk – Reg. S | NCSP | 67011U208 | 2:15 | 7.5 | JPMC | RU0009084446 | 4639853 | US67011U2087 |
| O’Key Group SA – 144A | 61HD | 670866102 | 1:1 | 1 | BK | LU1015794768 | B572PM0 | US6708661029 |
| O’Key Group SA – Reg. S | OKEY | 670866201 | 1:1 | 1 | BK | LU1015794768 | B572PM0 | US6708662019 |
| O’Key Group SA – Reg. S | — | 670866110 | 1:1 | 1 | BK | LU1015794768 | B572PM0 | US6708661102 |
| OGK – 2 – 144A | — | 670848100 | 2:40 | 20 | DB | RU000A0JNG55 | B18SJS3 | US6708481006 |
| OGK – 2 – Reg. S | OGK2 | 670848209 | 2:40 | 20 | DB | RU000A0JNG55 | B18SJS3 | US6708482095 |
| OJSC Magnit – 144A | — | 55953Q103 | 5:1 | 0.2 | JPMC | RU000A0JKQU8 | B59GLW2 | US55953Q1031 |
| OJSC Magnit – Reg. S | MGNT | 55953Q202 | 5:1 | 0.2 | JPMC | RU000A0JKQU8 | B59GLW2 | US55953Q2021 |
| Ozon Holdings PLC | OZON | 69269L104 | 1:1 | 1 | BK | CY0109300810 | US69269L1044 | |
| PhosAgro – 144A | 10NC | 71922G100 | 3:1 | 0.33 | CIT | RU000A0JRKT8 | B3ZQM29 | US71922G1004 |
| PhosAgro – Reg. S | PHOR | 71922G209 | 3:1 | 0.33 | CIT | RU000A0JRKT8 | B3ZQM29 | US71922G2093 |
| PJSC Gazprom | OGZPY | 368287207 | 1:2 | 2 | GP | RU0007661625 | US3682872078 | |
| PJSC Gazprom – 144A | 81JK | 368287108 | 1:10 | 10 | GP | RU0007661625 | US3682872078 | |
| PJSC Lukoil | LUKOY | 69343P105 | 1:1 | 1 | CIT | RU0009024277 | B59SNS8 | US69343P1057 |
| PJSC Lukoil – 144A | LKOE | 69343P204 | 1:1 | 1 | CIT | RU0009024277 | B59SNS8 | US69343P2048 |
| PJSC MMC Norilsk Nickel | NILSY | 55315J102 | 10:1 | 0.1 | BK | RU0007288411 | 7131431 | US55315J1025 |
| PJSC PIK Group – 144A | — | 69338N107 | 1:1 | 1 | BK | RU000A0JP7J7 | B1WTLH5 | US69338N1072 |
| PJSC PIK Group – Reg. S | — | 69338N206 | 1:1 | 1 | BK | RU000A0JP7J7 | B1WTLH5 | US69338N2062 |
| PJSC Polyus | OPYGY | 73181P102 | 2:1 | 0.5 | BK | RU000A0JNAA8 | US73181P1021 | |
| PJSC Polyus – 144A | PLZA | 73181M109 | 2:1 | 0.5 | BK | RU000A0JNAA8 | US73181M1099 | |
| PJSC Polyus – Reg. S | PLZL | 73181M117 | 2:1 | 0.5 | BK | RU000A0JNAA8 | US73181M1172 | |
| PJSC Tatneft | OAOFY | 876629205 | 1:6 | 6 | CIT | RU0009033591 | 5452208 | US8766292051 |
| Polymetal International | AUCOY | 73178Q105 | 1:1 | 1 | BK | JE00B6T5S470 | B6T5S47 | US73178Q1058 |
| QIWI | QIWI | 74735M108 | 1:1 | 1 | BK | CY0104052218 | US74735M1080 | |
| Ros Agro – 144A | 62UL | 749655106 | 5:1 | 0.2 | BK | CY0094Q03865 | US7496551067 | |
| Ros Agro – Reg. S | AGRO | 749655205 | 5:1 | 0.2 | BK | CY0094Q03865 | US7496552057 | |
| Rostelecom | ROSYY | 778529107 | 1:6 | 6 | JPMC | RU0008943394 | 5004148 | US7785291078 |
| Rostelecom – 144A | — | 77852T202 | 1:4 | 4 | JPMC | RU0008943394 | 5004148 | US77852T2024 |
| Rostelecom – Reg. S | — | 77852T301 | 1:4 | 4 | JPMC | RU0008943394 | 5004148 | US77852T3014 |
| RusHydro – 144A | 92XY | 782183503 | 2:40 | 20 | BK | RU000A0JPKH7 | B2NWKZ1 | US7821835037 |
| Sberbank of Russia | SBER | 80585Y308 | 1:4 | 4 | JPMC | RU0009029540 | 4767981 | US80585Y3080 |
| Sberbank of Russia – 144A | 38LF | 80585Y407 | 1:4 | 4 | JPMC | RU0009029540 | 4767981 | US80585Y4070 |
| SEMP – 144A | — | 83402B105 | 1:1 | 1 | DB | RU000A0JQZ42 | US83402B1052 | |
| SEMP – Reg. S | SXJA | 83402B204 | 1:1 | 1 | DB | RU000A0JQZ42 | US83402B2043 | |
| Severstal – 144A | 50AW | 818150104 | 1:1 | 1 | DB | RU0009046510 | B0561N2 | US8181501045 |
| Severstal – Reg. S | SVST | 818150302 | 1:1 | 1 | DB | RU0009046510 | B0561N2 | US8181503025 |
| Sistema – 144A | SSAA | 48122U105 | 1:20 | 20 | CIT | RU000A0DQZE3 | B06K6Y9 | US48122U1051 |
| Sistema – Reg. S | SSA | 48122U204 | 1:20 | 20 | CIT | RU000A0DQZE3 | B06K6Y9 | US48122U2042 |
| Softline Holding PLC – 144A | SFTH | 83407L108 | 1:1 | 1 | BK | CY0109671715 | 9A6WA16 | US83407L1089 |
| Softline Holding PLC – Reg. S | SFTL | 83407L207 | 1:1 | 1 | BK | CY0109671715 | 9A6WA16 | US83407L2079 |
| Sollers – Reg. S | — | 834258105 | 1:1 | 1 | DB | RU0006914488 | US8342581050 | |
| Surgutneftegas PJSC – Common | SGTZY | 868861204 | 1:10 | 10 | BK | RU0008926258 | B5BHQP1 | US8688612048 |
| Surgutneftegas PJSC – Preferred | SGTPY | 868861105 | 1:10 | 10 | BK | RU0009029524 | 5005884 | US8688611057 |
| United Medical Group Cy PLC – 144A | EM44 | 91085A104 | 1:1 | 1 | BK | CY0109531513 | 9A6MUYI | US91085A1043 |
| United Medical Group Cy PLC – Reg S | GEMC | 91085A203 | 1:1 | 1 | BK | CY0109531513 | 9A6MUYI | US91085A2033 |
| X5 Retail Group – 144A | 89VS | 9.84E+110 | 4:1 | 0.25 | BK | NL009A1YKX95 | US98387E1064 | |
| X5 Retail Group – Reg. S | FIVE | 9.84E+209 | 4:1 | 0.25 | BK | NL009A1YKX95 | US98387E2054 | |
| X5 Retail Group – Unitary Restricted ADR | — | 98387E304 | 4:1 | 0.25 | BK | NL009A1YKX95 | US98387E3045 |