This decision was made in response to Russia’s attack on Ukraine. In London, they said they saw no point in new investments in the Russian Federation.
The UK Revenue Service removes the Moscow Exchange the status of a recognized stock exchange. This was announced on Tuesday, April 19, in the British department.
The recovery of recognized stock exchange status means that investors will not be able to access certain UK tax benefits in the future when trading securities on the Moscow Exchange. At the same time, current investments will be protected.
“As we continue to isolate Russia in response to their illegal war with Ukraine, the withdrawal of the Moscow Stock Exchange’s recognized status sends a clear message: there is no point in Russia for new investment,” Lucy Fraser said. , Financial Secretary of the Treasury.
On Tuesday, April 19, the Russian stock market accelerated its decline. The Moscow Exchange Index dropped more than 5% to 2,221.08 points, as evidenced by trading data.
Remember, Fitch predicts a record decline in the Russian economy. The economy is expected to suffer more losses than the default in 1998.
Podolyak: Sanctions lower pride from Russia
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Source: korrespondent
