Before the invasion of Ukraine, one of the ways Americans could invest in Russia was through American depositary receipts of Russian companies. These certificates issued by banks represented ...

An American depositary receipt (ADR) is essentially a certificate that represents one or more shares of stock in a foreign company that typically trades on an exchange in a different country.

No fractional new ADSs will be issued in connection with the Ratio Change. Rather, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank, and the net cash proceeds ...