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Finance and Credit
 

A basic framework of the methodology for evaluating blocked securities

ISSUE 6, JUNE 2025

PDF  Article PDF Version

Received: 22 May 2025

Accepted: 10 June 2025

Available online: 26 June 2025

Subject Heading: Securities market

JEL Classification: G01, G10, G15, G24, G32

Pages: 225-240

https://doi.org/10.24891/tkyxfz

Daniil E. SLUTSKII Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation
general@obiks.ru

ORCID id: not available

Subject. This article discusses the basic provisions of the methodology for evaluating blocked securities, which serves as the basis for making informed and well-founded decisions by their owners and market participants regarding the management of portfolio investments.
Objectives. The article aims to describe and justify the relevance of the main provisions of the methodology for measuring the market value of blocked securities in the context of the demanded return of investment resources of Russian investors.
Methods. For the study, I used systems and comprehensive analyses, content analysis of international legal acts and works of scientific literature, methodological provisions and statistical data, and a comparative approach, the method of paired sales and original calculations.
Results. Based on the research results, the article presents the basic provisions of the author-developed methodology for evaluating blocked securities to determine the market value of blocked securities of foreign issuers, taking into account the prevailing external circumstances (blocking) when determining the magnitude of the adjustment of the stock quotation of the blocked security.
Relevance. The author-developed methodology for evaluating the market value of blocked foreign issuer securities may serve as a basis for market participants to make informed and reasoned decisions regarding portfolio investment management in the context of large-scale sanctions.

Keywords: blocked securities, shares, valuation, methodology, discount

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