The day started with this:
The UK is revoking the Moscow Stock Exchange’s status as a recognised stock exchange in the latest sign of Russia’s isolation from the global financial system.
The UK is revoking the Moscow Stock Exchange’s status as a recognised stock exchange in the latest sign of Russia’s isolation from the global financial system.
www.telegraph.co.uk
So, of course, you get the geopolitical version of "you can't fire me, I quit." in response from Putin
In a blow to Russia's richest business people, President Vladimir Putin signed a decree on April 16 that requires Russian companies to remove their listings from overseas stock exchanges.
The likes of Vladimir Potanin — Russia's richest man — will now have to adjust the ownership structure of their businesses,
Bloomberg reported.
That means Russian billionaires who own the companies listed abroad won't be able to collect foreign-currency dividends from the depository receipts.
Trading of depositary receipts on foreign exchanges also must cease within days, though the New York Stock Exchange, Nasdaq, London Stock Exchange and other top international bourses had already frozen Russian stocks after Putin launched his war on Ukraine in February.
Russian stocks can no longer be listed on foreign exchanges after Putin's new law, and Russian billionaires are set to take a major hit.
markets.businessinsider.com