MOEX to Add 80 International Stocks for Trading

Moscow Exchange (MOEX) recently announced that it will add 80 new international stocks for trading on 1 October 2021.

As a result, the number of shares and depositary receipts of foreign issuers available for trading on Moscow Exchange will reach 361. MOEX plans to make more international securities available for trading in future based on demand from banks, brokers, asset managers and their clients.

MOEX launched trading in international equities on 24 August 2020. The securities are traded in the main and after-hours trading sessions. Trades are settled in RUB using MOEX's robust infrastructure, which includes a qualified central counterparty and record-keeping with the central securities depository (NSD). Dividends will be set in the currency of the issuer, i.e., in USD for American securities.

Individual investors can submit Form W-8 to establish eligibility for reduction or exemption of tax on dividend income from U.S. securities.