OREANDA-NEWS The Moscow Exchange has introduced a ban on short sales of QIWI securities, it will come into force on February 22. This is stated in a message on the website of the trading platform.

The ban will also affect Kiwi Finance bonds, issue 001P-02. In addition, the Moscow Exchange will raise the minimum restrictive level of market risk rates to 100 percent for these instruments. As TASS clarifies, a ban on trading with Qiwi securities will also be introduced. The restriction applies to the company's receipts, as well as to the bonds of "Kiwi Finance" series 001P-02. Earlier, BCS asked to close margin positions on Qiwi securities.

Earlier it became known that the Central Bank revoked the license from Kiwi Bank. He was ranked 89th in terms of assets in the Russian banking system. The regulator argued that the bank violated federal laws. The revocation of the license led to the shutdown of several payment services and problems with payment for housing and communal services, cellular communications and other services from large banks.

In addition, the Qiwi and Contact payment systems stopped working, Qiwi blocked the replenishment of wallets and the withdrawal of funds from them. Kiwi Bank's offices in Moscow, St. Petersburg and Kazan began to close.

The news about the revocation of the license led to a collapse in quotations of Qiwi depositary receipts on the Moscow Exchange, they decreased by almost 50 percent. This happened with increased investor activity. For example, by 17:20 Moscow time, the volume of transactions amounted to more than 3 billion rubles.