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The London-listed stocks of Russian companies have plummeted since the invasion of Ukraine and ensuing crippling economic sanctions on the country’s businesses, institutions and individuals by the U.S. and its western allies. Sberbank was down 99.72% year-to-date to trade for around a single penny before the suspension, while Gazprom was down 93.71%, Lukoil 99.2%, Polyus 95.58% and EN+ 20.51% ............ Russian securities will be removed from MSCI’s indices from next Wednesday at a price “that is effectively zero,” the benchmark company said, as the benchmarking company reclassifies the MSCI Russia indexes under “Standalone Markets” rather than “Emerging Markets.” https://www.cnbc.com/2022/03/03/london-listed-russian-stocks-are-collapsing-with-trading-now-suspended.html |
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