- Major stock exchanges around the world have suspended trading in
Russian stocksin the middle of the Ukrainian War.
- The stops came from
London Stock ExchangeDeutsche Boerse, Nasdaq and the New York Stock Exchange.
Stock exchanges around the world halted trading in Russian stocks amid the war in Ukraine, making the country less and less invested.
From New York to London to Germany, Russian stocks are in limbo as major exchanges have suspended trading. Meanwhile, shares of Russian companies that continue to change hands have fallen as Western sanctions hit the country’s economy.
Europe’s major stock exchange Deutsche Boerse of Germany is halting trading in all Russian bonds, securities and related products listed on its exchange as of market close on Tuesday, The Wall Street Journal reported.
The halt comes after the exchange had already suspended trading in more than 15 Russian stocks amid Western sanctions against Russia. Deutsche Boerse did not immediately respond to Insider’s request for comment on the trading halt.
Also on Tuesday, the London Stock Exchange Group said it had halted trading in Russian bank VTB in light of a notice from Bank of New York Mellon resigning as VTB’s custodian.
“In the absence of a company announcement clarifying the situation,” the exchange temporarily suspended trading to “protect investors,” the statement said.
In the United States, the Nasdaq and New York Stock Exchange implemented their own trading halts in Russian stocks on Monday, including shares of Yandex, Ozon Holdings, Mobile TeleSystems and Mechel, Insider previously reported. the
Meanwhile, the shares are not even tradable in Russia. The country’s central bank halted trading on the Moscow stock exchange again on Tuesday after closing the market on Monday in a bid to limit the carnage of Western sanctions.
Although the Russian stock exchange remains closed, foreign-listed shares of Russian companies that have not yet been suspended continued to fall on Tuesday, according to a Bloomberg report. Certificates of deposit from Russian gas giant Gazprom PJSC and major lender Sberbank fell for a second day in London alongside exchange-traded funds that track Russian stocks.
Analysts have warned the country is becoming increasingly uninvestable in light of moves around the world in response to Russia’s attack on Ukraine. The country’s central bank tried to limit the damage from the sanctions by implementing several measures, including raising interest rates and halting trading.