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Gigantic · 2024-03-27T20:37:32.077276Z

$GAZP heute hier mal alle Gazprom-ADR auf Totalverlust verkauft eingebucht. Waren "nur" ein paar hundert Euro - aber die sind wohl weg. Noch jemand, der russische ADRs im Depot hatte?

Soprano@Soprano

9Lun

So Russia has promised that the shares will be sold and the money will be held in trust for the investors. This means that after the war we should possibly see 1/4 or 1/5 of our buy-in again if we can prove that we owned the ADRs.

It's sad enough that we have to rely on Putin's promises because the rogue state of Germany vehemently refuses to compensate us in accordance with the Basic Law!

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Europoor@Europoor

9Lun

@Soprano When will Russia compensate the leasing companies whose aircraft it has stolen in order to re-register them and use them itself?

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Malte@Malte123

9Lun

Me. As I understand it, the ADR program was terminated last year in August/September anyway, so the securities should be worthless.
Nevertheless, a small spark of hope remains😂

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Gigantic@Gigantic

9Lun

@Malte123 In the meantime, the ADRs could have been exchanged for ordinary shares at some expense (including monetary), but this would have required a Russian custodian. This would probably only have been worthwhile for a fairly large amount.

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Enrique@Dividenden_Monteur

9Lun

@Gigantic you cannot get a Russian depository or access to the broker without a Russian passport.

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Soprano@Soprano

9Lun

@Der_Dividenden_Monteur Doch na klar

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Enrique@Dividenden_Monteur

9Lun

@Soprano and how?

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Soprano@Soprano

9Lun

@Der_Dividenden_Monteur Online custody account with Gazprombank.

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Enrique@Dividenden_Monteur

9Lun

@Soprano is just 0 protected and you are threatened with penalties because you violate EU sanctions.
Russian shares are not tradable for us, everything else is a gray area or illegal.

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Enrique@Dividenden_Monteur

9Lun

@Soprano and after a few minutes of googling and the pages I found about it, it looks to me primarily like a huge scam from shady service providers 🤣
Like this https://weisswert.de/klage/russische-aktien-adr-anwalt-umtausch/#:~:text=as%20follows%20before%3A-,1.,Depot%20can%20be%20opened%20free%20of%20cost%C3%B6.

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Soprano@Soprano

9Lun

@Der_Dividenden_Monteur This does not violate EU sanctions at all, as no money flows to Russia (this is the condition for a criminal offense).

Apart from that, however, it violates the Basic Law that we are not simply compensated by the German state, as provided for in the constitution.

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Enrique@Dividenden_Monteur

9Lun

@Soprano No it doesn't, no idea where you read that nonsense.
The A in ADR stands for American, the EU or Germany had no say in this.

That's why you don't buy ADR shares (apart from Switzerland)

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Soprano@Soprano

9Lun

@Der_Dividenden_Monteur That makes no sense at all, I don't want to be compensated for the continuation of the ADR program, but for the securitized property.

The ADRs only represent the right to shares. These are stored in depositories in Frankfurt and Luxembourg. Even if I can't trade them, they could print them out and send them to my home. Unfortunately, some of the shares have "disappeared untraceably".

And much more specifically: The FRG has also nationalized Gazprom Germania GmbH, which is a direct breach of the law. This company rightfully belongs to @Gigantic and to me and all other German citizens who had such ADRs in their securities accounts. The government should have compensated German citizens on a pro rata basis at the latest when it started using buildings, machinery and infrastructure that did not belong to it. Or at least buy up the ADRs stored in Germany.

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Sparfuchs@Reinecke

9Lun

I was reimbursed at the US depot, but I'm still waiting at the German depot.

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Gigantic@Gigantic

9Lun

@Reinecke Have you applied for compensation, and if so, how?

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Sparfuchs@Reinecke

9Lun

@Gigantic US citizen 🤗

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Kevin@TheRealKrschken

9Lun

Hier

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Thomas M.@Tombock

9Lun

#metoo

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Ti M.@douc1t

9Lun

I am assuming a total loss, but if it turns out differently, all the better.
At the time, I received several letters from my broker regarding the Russian ADRs that the program was being discontinued. Either I move them to a Russian custody account or they are sold automatically. Nothing has happened since then. All ADRs are still booked at -100%.

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