Stoxx, the operator of Deutsche Börse’s Qontigo indices, is to axe 61 Russian companies from its indices, the most concrete move yet by an index provider in the wake of Moscow’s invasion of Ukraine.
The list includes most leading Russian companies, such as Gazprom, Lukoil, Sberbank, Rusal and Aeroflot.
Overseas-listed American and global depositary receipts issued by Aeroflot, Sberbank and X5 Retail are also on the list of index constituents that will be deleted on March 18.
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