London Stock Exchange suspends trading in several GDRs of Russian firms

Globaltrans Investment

03/03/2022 07:18

March 3 (Reuters) - The London Stock Exchange said on
Thursday it had suspended with immediate effect the trading of
global depository receipts (GDRs) of several Russia-based
companies including Rosneft, Sberbank of Russia, Gazprom, En+
and Lukoil.
    "Further to recent sanctions in connection with events in
Ukraine, in light of market conditions, and in order to maintain
orderly markets, the London Stock Exchange has suspended the
admission to trading of the instruments ...with immediate
effect," the LSE said in a statement.
    
      

 (Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi
Aich)
 ((Yadarisa.Shabong@thomsonreuters.com; Twitter: https://twitter.com/Yadarisa;
 +919742735150;))