Categories
Investing

UK targets Moscow bourse to try to curb investments in Russia – Reuters UK

<p id="primary-image-caption" data-testid="primary-image-caption" class="text__text__1FZLe text__medium-grey__3A_RT text__regular__2N1Xr text__small__1kGq2 body__base__22dCE body__caption__3L8vY article-body__primary-image-caption__2qQ…….

A man walks past a logo of the Moscow Exchange inside its office in Moscow, Russia February 28, 2020. REUTERS/Maxim Shemetov/File Photo

Register now for FREE unlimited access to Reuters.com

LONDON, April 19 (Reuters) – Britain said on Tuesday 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 that would remove some tax relief for new investors.

Britain and other Western allies are searching for new ways to increase pressure on Russia following its invasion of Ukraine, targeting wealthy elites and key industries as well as trying to cut off access to the international financial system.

“Revoking Moscow Stock Exchange’s recognised status sends a clear message – there is no case for new investments in Russia,” Britain’s Financial Secretary to the Treasury, Lucy Frazer, said in a statement.

Register now for FREE unlimited access to Reuters.com

Prime Minister Boris Johnson, U.S. President Joe Biden and other world leaders are due to hold a call later on Tuesday …….

Source: https://www.reuters.com/world/uk/uk-plans-revoke-moscow-stock-exchanges-status-recognised-exchange-2022-04-19/

Leave a Reply

Your email address will not be published.