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Oms Ady Msk Chech Khab Altr Ryaz Psk Krg Ast Pen Yaku SPb Mur Svr Lip Kmi Klm Tom Amu Chuk Ing Crm Jew Tat

3421 70. CCP NCC* 3446-CC 71. Bank ICBC (JSC) 3475 72. CC SPB Clearing (JSC)* 3539-ЦК 73. R-INKAS 3536-К Kaluga Region 74. Gazenergobank, Kaluga 3252

to broker accounts Balance Source: Reporting form 0409405. In June 2022, the SPB EXCHANGE launched trading in securities of Chinese issuers with a listing in

we estimate regression: Yb,t = 0 + 1 ipandemic,t + 2 BSb,t + 3 ipandemic,t · BSb,t + b,t (1) where, Yb,t is the

Kir Psk Oms Tul Kur Per Stv Kem Zab Orel Bur Ast SPb Sev Ros Kmi Krg Krd Ing Lip Mag Dag Klu Iva Chuk

in the Russian CPI. Kar Mur North- Len Volga- Arkh Western Vyatka SPb MB: 12.6% MB: 13.1% Chuk Psk Vgd Nen Klg Yar

the first and second level quotation lists of the Moscow Exchange and SPB Exchange comply on average with 78% of the Corporate Governance Code principles,

Yaro Vrzh Klg Tyv Sar Vlg Russia Russia Msk Vla Tula Chech SPb Krg Svr Krd Mag Smo Ing Arkh Kirov Altr Uly Udm Oms

000 rubles) PFR — Pension Fund of the Russian Federation PJSC SPB Exchange — Public Joint-Stock Company SPB Exchange PSMP — professional securities market participant Bank of Russia