LONDON (Reuters) – The United Kingdom said on Tuesday it was considering stripping the Moscow Stock Exchange of its status as a recognized financial market in response to Russia’s invasion of Ukraine, which would deprive affected investors of certain tax advantages. .
“A revocation of the recognition status of the Moscow Stock Exchange sends a clear message: there is no justification for further investment in Russia,” Treasury Secretary for the Financial Sector Lucy Frazer said in a statement.
London specifies that this decision comes after the restrictions imposed by the central bank of Russia on foreign investors, among which the ban made since February 28 by the stock market authorities on financial intermediaries to sell assets on the instruction of non-resident foreigners.
The British tax authorities ensure that an application of the decision announced on Tuesday, subject to a two-week consultation period, would have no repercussions on the investments already made on the Moscow Stock Exchange.
(Report Kylie MacLellan, French version Marc Angrand)
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