State Duma passed a law allowing cancellation of blocked receipts of Russian companies, such as Sberbank, Gazprom, etc., due to sanctions, without the participation of foreign depositories. Holders of securities whose rights are accounted for in Russian depositories will receive the shares automatically after the Russian company initiates the process. If the rights are accounted for by foreign depositories and transactions with the securities are blocked, the holder may, within 90 days from the date of entry into force of the law, apply to the Russian depository with a request for compulsory cancellation.