The U.K. government revoked the Moscow Exchange's status as a “recognized stock exchange” last week. The action came in response to Bank of Russia’s Feb. 28 decision to institute restrictions on foreign investors after international sanctions were placed on Russia following its invasion of Ukraine.
"With the Moscow Stock Exchange failing to withdraw their restrictions on foreign investors, the U.K. had no choice but to remove its recognized status," said Lucy Frazer, financial secretary to the Treasury, in announcing the government’s decision.
