London Stock Exchange suspends trading in GDRs of Russia's VTB Bank

1 minute read

Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls

Register now for FREE unlimited access to Reuters.com

LONDON, March 1 (Reuters) - The London Stock Exchange said on Tuesday it will stop trading in two global depository receipts (GDRs) for Russia's VTB Bank (VTBR.MM) after Britain's financial regulator suspended them in response to sanctions.

"Accordingly, the exchange has suspended the admission to trading of these securities with immediate effect," the LSE said in a statement.

Last Friday, the LSE suspended membership of VTB Capital, the bank's trading arm, following the introduction of sanctions after Russia's invasion of Ukraine.

Register now for FREE unlimited access to Reuters.com
Reporting by Huw Jones; editing by Jason Neely

Our Standards: The Thomson Reuters Trust Principles.