London Stock Exchange bars Russian firms from trading

The London Stock Exchange (LSE) has announced it is blocking trading in 27 corporations with close ties to Russia. The targeted firms include EN+, Gazprom, Lukoil, Rosneft and Sberbank.

The step, which comes into effect immediately and follows similar actions from other bourses, comes as part of Western efforts to cut Russia off from the international financial markets in response to Moscow’s military operation in Ukraine.

Russian miners Polymetal and Evraz have also been ejected from the FTSE 100 after heavy share price losses following Western sanctions on Russia.

Earlier this week, the Deutsche Borse halted trading in 16 companies with alleged links to Russia, while the New York Stock Exchange and Nasdaq followed suit.

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