The handful of remaining Russian-linked stocks trading in London were struggling to stay afloat Thursday, as the Russian invasion in Ukraine dragged to an eighth day, drawing global backlash.
The London Stock Exchange, in a move echoing the German Boerse earlier this week, announced it was suspending trade in secondary listings for Russian companies, which sweeps up companies such as Gazprom OGZD and Sberbank SBER . “The conflict in Ukraine and related economic and political developments are likely to require a lot of management efforts to maintain company performance,” Vitaly Nesis, group CEO of Anglo-Russian mining group Polymetal, said in announcing results those results.
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