Business news from Ukraine

monobank and “Univer” ask clients to immediately stop cooperation with online broker EXANTE

6 July , 2023  

The National Security and Defense Council of Ukraine has included the internet broker EXANTE (IEXTi Cyprus) in the sub-sanction list, in connection with which monobank and investment company “Univer Capital” suggest their clients who bought foreign securities through this broker to urgently close their accounts, as otherwise these investments will be blocked until the removal of sanctions.
“Although Univer Capital’s agreement is formally with another broker, they are nonetheless related entities. For the investor, such sanctions could mean a temporary blocking of assets and access to the account. Accordingly, we recommend all our clients with a portfolio of securities purchased through a broker EXANTE, urgently (today) to close all positions and withdraw funds, because tomorrow access to the accounts may be closed, “- said in a statement of the investment company.
“The SNBO has just put EXANTE, which is a broker in our investment application, on the sanctions list. In this regard: all clients who have positions in securities in mono invest will be notified within an hour, in which we will offer to agree to close the position today and return the money to the card,” mono invest co-owner of monobank Oleg Gorokhovsky addressed to clients.
According to him, the positions of only those clients who in the message will click “I do not agree” will not be closed. “Access to their shares and the money spent on them will be possible only after the sanctions of the National Security and Defence Council are lifted,” Gorokhovsky warned.

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