OBS_VALUE: On 15 March 2023, the Bank of Russia published Directive No. 6347-U “On Securities and Derivatives for Qualified Investors”, which lists financial instruments available only to persons or entities that had been registered as Russian qualified investors. According to the Directive, the following types of securities and derivatives will be available to Qualified Investors only: 1. securities where the issuer or an obligor is a legal entity incorporated in an Unfriendly Jurisdiction or treasury bonds issued by the competent authorities of an Unfriendly Jurisdiction (i.e., jurisdictions which introduced, acceded to or otherwise supported sanctions against the Russian Federation); 2. securities where the issuer or an obligor is person incorporated in a state other than an Unfriendly Jurisdiction or treasury bonds issued by the competent authorities of a state other than an Unfriendly Jurisdiction, but which are otherwise connected to an Unfriendly Jurisdiction.