Business news from Ukraine

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

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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EXANTE BROKER DONATES $1 MLN TO UNICEF TO UKRAINE

EXANTE, an international broker licensed in Cyprus and active in the Ukrainian markets, announced a $1 million donation to UNICEF to help children and families affected by the ongoing war in Ukraine.

“Our company was founded on the belief that freedom is an inherent human right, and at times like these it’s more important than ever. As a result, our shareholders feel compelled to take action – after all, actions speak louder than words. Whilst we cannot change what’s happening, together with our colleagues and clients we hope that the money donated will truly make a difference and help the thousands of children and families affected,” Alexey Kirienko, the CEO of EXANTE, said.

“UNICEF is rapidly scaling up its humanitarian response in Ukraine and in neighboring countries. To date, UNICEF has delivered 858 tonnes of emergency supplies, including health supplies, hygiene kits, education and recreation supplies for children and adolescents, in addition to winter clothing,” the report says.

“UNICEF is appealing for $349 million to provide critical life-saving support for children and their families. This includes $ 276 million to respond to immediate needs within Ukraine and $ 73 million for humanitarian needs in neighboring countries. This funding will help to support over 3.5 million people, including 2.2 million children,” it states.

Founded in 2011, EXANTE describes itself as a wealth-tech company providing centralized investment solutions and infrastructure for financial institutions. The company employs over 500 people and manages $1.6 billion.

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