Noose is tightening - secondary Russian stocks halted on LSE3 Mar 2022 10:32
The London Stock Exchange on Thursday became the latest exchange to halt trading in Russian companies, as it announced the suspension of the secondary listings in companies including Gazprom, EN+ and Sberbank.
The LSE cited “recent sanctions in connection with events in Ukraine, in light of market conditions, and in order to maintain orderly markets” for the move. “The Exchange will continue to keep this situation under review,” the LSE said.
Deutsche Boerse DB1 , the New York Stock Exchange and the Nasdaq had already halted trading in Russian companies with overseas listings. The Central Bank of Russia has kept the Russian stock market shut all week.