Russia's stock market is 'uninvestable' after stringent new Western sanctions and central bank curbs on trading, making a removal of Russian listings from indexes a 'natural next step', a top executive at equity index provider MSCI said on Monday.
Read MoreLONDON, Feb 28 - Russia's stock market is "uninvestable" after stringent new Western sanctions and central bank curbs on trading, making a removal of Russian listings from indexes a "natural next step", a top executive at equity index provider MSCI said on Monday.
"It is obvious to all of us that the market is very difficult to trade and, in fact, it is uninvestable today."Financial institutions around the world are winding down or suspending business in Russia, following heavy sanctions by Western governments against Russia in the wake of its military invasion of Ukraine last week.
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