SPB Bank submitted an asset unlocking strategy to OFAC

SPB Bank depositary together with international lawyers in early January presented to the Office of Foreign Assets Control of the U.S. Department of the Treasury a strategy for unblocking assets, the accounting organization said in a statement. At the same time, the depositary informed market participants that it lost its FATCA status due to sanctions against SPB Exchange and now dividends on U.S. shares will be taxed at the rate of 30%.