The expert mentioned the advantages of Russian depositary receipts

Russian depositary receipts (DDR) are a convenient tool for investing in foreign companies without the need for direct access to foreign markets. Ruslan Pichugin, an independent expert in the field of private investment, told Izvestia on July 2.

"In general, this is a tool that simplifies access to foreign markets, allowing you to invest in foreign companies without having to directly buy their shares through foreign brokers," the specialist noted.

According to him, the essence of depository receipts is that an investor gets the right to shares of a foreign company through a depository bank without becoming a direct shareholder.

"From a legal point of view, the investor does not become a direct shareholder, but receives a document confirming his right to shares transferred to the depository," the expert explained.

The key difference from ordinary shares, he added, is that shares give equity and direct participation, while receipts are a derivative instrument.

Among the advantages of DDR, the expert highlighted the convenience: an investor does not need to open a foreign account — access to the Russian stock exchange is sufficient. However, he warned about the risks: a possible double tax burden, currency and political volatility.

"Ultimately, I believe that depository receipts are a useful but not risk—free tool. It opens doors to global markets, but requires the investor to understand the ownership structure, tax implications, and regulatory environment," Pichugin concluded.

By the rate order: deposit profitability returned to the level of August 2024

They dropped below 19%, as the market prepares for an early decline in key

Earlier, on June 10, Fyodor Sidorov, a private investor and founder of the School of Practical Investment, told Izvestia that the choice of an investment tool critically depends on the time period: some options are beneficial only for a short distance, others for a long game. According to him, bank deposits remain attractive for short-term investments. Despite the reduction of the key rate to 20%, deposits bring in 16-19% per annum. The shorter the term, the higher the yield.

The information in the material is not an investment recommendation.