LSE halts trading in 27 Russian firms including Rosneft/LUKOIL
Key Questions
What action did the London Stock Exchange take regarding Russian companies?
The London Stock Exchange suspended trading in the shares of 27 Russian companies, including energy giants Rosneft, Lukoil, and Gazprom. This reinforces the inactivity of Global Depositary Receipts (GDRs) and hurdles from Citi and Euroclear.
Why was trading halted in these Russian firms?
The halt is linked to ongoing sanctions against Russia since 2025, as outlined in the House of Commons Research Briefing, with the latest package announced on 24 February. It aims to restrict access amid sanctions flux.
What is the impact of the LSE trading halt on Russian companies?
It represents a major blow to EU liquidity and access for over 20% of opportunities involving these firms. The suspension offsets activities related to Rosneft and Lukoil amid developing sanctions enforcement.
London Stock Exchange suspends Rosneft/LUKOIL/Gazprom et al., reinforcing GDR inactivity/Citi/Euroclear hurdles; major blow to EU liquidity/access for 20%+ opps amid sanctions flux/strikes.