Moscow Exchange to add new international stocks for trading

Moscow Exchange (MOEX) announced that from 1 March 2021, it will offer an additional 33 stocks and depositary receipts of leading international companies including Oracle, Sony and Toyota for trading. This means the total number of foreign securities available for trading on Moscow Exchange will rise to 88.

Based on demand from banks, brokers, asset managers and their clients, MOEX plans to introduce more international securities for trading in future.

According to the official press release, MOEX initially 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 the 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 U.S. securities.

MOEX stated that individual investors can submit a Form W-8 to reduce dividend tax payable for U.S. securities.