UK plans to revoke Moscow Stock Exchange’s status as a recognised exchange
Tuesday, 19 April, 2022, 18:30
Britain said today it planned to revoke the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange in response to Russia’s invasion of Ukraine, a move which would remove some tax relief for investors.
Britain said the move was in response to restrictions the Bank of Russia has placed on foreign investors, citing a February 28 ban by the exchange which prevented brokers from selling assets at the instruction of non-Russian residents.
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