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The Guardian - UK

Business

Mark Sweney

London Stock Exchange suspends trading in 27 firms with strong links to Russia

Russia London London Stock Exchange LSE United Kingdom Gazprom Sberbank LSEG Lukoil Polyus

Gazprom was among the 27 firms banned from trading on the LSE. Photograph: Rafael Henrique/SOPA Images/Rex/Shutterstock

The London Stock Exchange has suspended trading in 27 companies with strong links to Russia, including the energy and banking firms Gazprom and Sberbank.

The LSE said it was moving to block trading in the companies that include Severstal, Russia’s largest steel and mining company run by Alexei Mordashov, the country’s richest man.

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