MSCI Inc and FTSE Russell are cutting Russian equities from widely tracked indices, isolating the stocks from a large segment of the investment-fund industry.
An overwhelming majority of market participants see the Russian market as “uninvestable” and its securities will be removed from emerging markets indices effective Wednesday next week, MSCI said.
FTSE Russell is to delete Russia constituents listed on the Moscow Exchange at a zero value on Monday.
Russia’s links with global markets are getting cut with its foreign reserves frozen after it invaded Ukraine, while Moscow’s capital controls and a ban on foreigners selling securities locally have shut the exit
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