LONDON (Reuters) – Britain said on Tuesday it plans to revoke the Moscow Exchange’s status as a recognized stock exchange in response to Russia’s invasion of Ukraine, a move that will remove some tax benefits from investors.
“Revoking the Moscow Exchange’s recognized status sends a clear message – there is no justification for new investment in Russia,” Treasury Finance Secretary Lucy Frazer said in a statement.
Britain said the move was a response to restrictions the Russian central bank has put on foreign investors, citing a Feb 28 ban on brokers selling assets on the instructions of non-Russian residents.
(Reporting by Kylie MacLellan)
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