London Stock Exchange suspends 28 companies with ties to Russia

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Rosneft, Gazprom, Severstal and EN+ among suspended listings

London Stock Exchange Group CEO David Schwimmer. Picture: TOLGA AKMEN/REUTERS

Britain, the EU and the US are rolling out financial sanctions on Russia to prevent its companies from using Western markets to raise funds, prompting exchanges and settlement houses to cut ties with Moscow. The LSE said it was moving to block trading in the companies that include Severstal, Russia’s largest steel and mining company owned byAlso barred are EN+ and VK, the parent company of social networking sites including VKontakte.

“We have produced a strong financial performance, have met or are ahead of all targets and have good momentum into 2022,” Schwimmer said.

 

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smalltalkdaily Come on! Yes. More stuff like this. whataboutgas&oil - implications are huge but if the rest of the world has to walk/bike/have a chilly start to spring to save Life2Ukraine and show Putin a differentway2live then we must! SlavaUkraini SlavaUkraine ZelenskyyUa MadBadVlad

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