British firms are scrambling to dump Russian assets amid efforts by the US, EU and UK governments to deepen Moscow’s economic isolation after the invasion of Ukraine.
Legal & General, Abrdn and state-backed pension scheme Nest have said they will try to sell their holdings in Russian stocks, while British Gas owner Centrica on Tuesday became the third big British energy firm to cut ties with Russia within a week, echoing BP and Shell by announcing the end of its gas supply agreement with Kremlin-controlled Gazprom.
