“Investors of Russian-based stocks in limbo as exchanges mull halted stock market” Alexis Keenan, Senior Legal Reporter (Yahoo Finance)

Quoted in Alexis Keenan, "Investors of Russian-based stocks in limbo as exchanges mull halted stock market" (Yahoo Finance)
[https://finance.yahoo.com/news/investors-in-russian-based-stocks-202626424.html]

Trading in stock of Russian-based companies on U.S. stock exchanges is now in limbo after being halted this week, and it's anyone’s guess how long restrictions will last.

Sanctions and securities law experts say the uncertainty surrounding when or if investors can move their assets stems from the unprecedented scope of the federal government’s retaliatory actions and the speed with which they’re unfolding.

“It really is the case that the law today may not be the same as the law yesterday, or as what the law will be tomorrow,” Schuyler Schouten, a sanctions law expert and partner with Jones Day, told Yahoo Finance. “In the case of this current crisis, we are effectively seeing a year's worth of sanctions changes compressed into a single week.”

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Schouten underscored how significantly the complex interrelationships between involved parties drive uncertainty over the fate of shares on U.S. exchanges.

“I think it's fair to say that this is a militarily, politically, and legally complex sequence of events, and that we are likely at the beginning,” he said.