London Stock Exchange suspends trading in eight more Russian firms
The IndependentGet the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The London Stock Exchange has suspended trading in eight more Russia-based companies due to the ongoing invasion of Ukraine. In a statement, it said: “The London Stock Exchange notes the ongoing deterioration of market conditions since March 2, and in order to maintain orderly markets, the exchange has suspended the admission to trading of the instruments.” The move follows steps taken by the UK, EU and US to roll out financial sanctions on Russia in a bid to prevent its companies from using Western markets to raise funds. Last week, a subsidiary of Russia’s second largest bank, VTB, was the first firm suspended on the London Stock Exchange as a result of sanctions introduced following the invasion.
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