johnbarley Posted August 23, 2022 Share Posted August 23, 2022 Hello, I am not a citizen of any country that is participating in the sanctions against Russia. I owned some Russian stocks through a US based broker. They can no longer allow the trading of Russian stocks so I need to move those holdings to a broker that accepts Russian stocks. Can you recommend some Thai brokers? If not, maybe Singapore or Hong Kong? Link to comment Share on other sites More sharing options...
peterfranks Posted August 23, 2022 Share Posted August 23, 2022 Did you own Russian stocks or ADR's of Russian stocks? Link to comment Share on other sites More sharing options...
johnbarley Posted August 24, 2022 Author Share Posted August 24, 2022 22 hours ago, peterfranks said: Did you own Russian stocks or ADR's of Russian stocks? Hi, I own one Russian stock and one ADR of a Russian stock. I'm not sure what the difference is. Link to comment Share on other sites More sharing options...
peterfranks Posted August 25, 2022 Share Posted August 25, 2022 (edited) ADR's are American Depository Receipts, and Russian ADR's are all cancelled. They will eventually be exchanged for the underlying Russian stock of that ADR, but that may take several months. Russian stocks only can be sold, not bought. Edited August 25, 2022 by peterfranks 1 Link to comment Share on other sites More sharing options...
johnbarley Posted August 25, 2022 Author Share Posted August 25, 2022 17 hours ago, peterfranks said: ADR's are American Depository Receipts, and Russian ADR's are all cancelled. They will eventually be exchanged for the underlying Russian stock of that ADR, but that may take several months. Russian stocks only can be sold, not bought. Ok, but there are countries that have not boycotted Russian stocks, right? As far as I know Thailand has not participated in the boycotts. Schwab told me that I can transfer the stocks to a broker who hasn't been forced to stop trading Russian securities. Do you know of any Thailand brokers? If not, maybe Singapore or Hong Kong? Link to comment Share on other sites More sharing options...
RetiredThailand Posted April 30 Share Posted April 30 Im wondering if sanctioned stocks can be transferred to a broker in Thailand? If so could anyone recommend a Thai broker? 1 Link to comment Share on other sites More sharing options...
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