We Can help Convert Your Shares & Salvage Your Investment.

If you bought Russian stocks through a US broker then you own what’s referred to as an ADR (American Depository Receipt).

Your ADR is not an actual share from a Russian Company, but rather a token that was created to be traded on American exchanges. It’s supposed to be redeemable for real MOEX (Moscow Exchange) shares.

Think of your shares as casino tokens that can be traded within the casino. They ultimately need to be exchanged at the cashier’s window to have any real value.

On October 11, 2022 the casino is scheduled to lock its doors. Russia has announced this deadline for converting your temporary US ADR shares into permanent Moscow Exchange shares.

Look at it this way… Russia would benefit financially if billions of dollars worth of these ADR / tokens disappear. It would act like a massive stock buyback for the Russian companies, without them having to pay a single ruble.

But it’s also in the long term interest of Russian companies not to burn bridges with western investors.

The solution is to offer a limited time window where US and Europeans can convert their ADRs into actual MOEX (Moscow Exchange) shares. For all the people who will miss this deadline, Russia can say you had your chance and did not act.

The Russian Central Bank has announced a deadline for this forced conversion of October 11, 2022. After that they can say that you had your chance and did not act.

Due to sanction restrictions, your new converted MOAX shares cannot be held with a US or European brokerage. They must be held in a special type of Russian brokerage account. The upside is that this should give Russian companies a way to start paying you dividends again.

The United States has clarified E.O. faq 1050 to help Americans protect their non-sanctioned, Russian investments purchased before April 27, 2022.

If you have attempted to convert your own shares, you know what a bureaucratic nightmare this can be.

Once a Russian account is set up, the hand off takes close cooperation between your US broker, the US Depository institutions, their Russian counterparts, and the new custodian of your Russian brokerage account.

We cannot help if your Russian ADR shares were purchased by a third party ETF or mutual fund. The shares need to be in your control. We can’t help if you or your shares are on a sanctions list or if your shares were purchased after April 27, 2022.

The more time you allow the better. We anticipate the Russian intermediaries becoming overwhelmed as the deadline approaches.

If you would like more information on how we can help convert your shares, fill in your contact information below and we will get back to you shortly.

Please describe your Russian ADR shares (Company name or ticker and number of shares or value.)