The move follows Russia's invasion of Ukraine, which it terms a 'special operation', after which Western nations imposed severe sanctions on the country, impacting many oligarchs with connections to companies based outside of Russia.FTSE Russell said it had received feedback from its External Advisory Committees and market participants that trading in the shares was "severely restricted" as brokers refused to handle the securities, hitting market liquidity.
"Consequently, this will prevent index trackers from replicating the ongoing inclusion of these names within the FTSE Russell indices," FTSE Russell said.
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