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The UK wants to revoke the recognized stock exchange status of the Moscow Stock Exchange

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The revocation of the statute means that investors will no longer be able to access certain tax benefits in the UK in the future when they trade on the Moscow Stock Exchange.

However, existing investments will be protected.

The move is the latest in a series of sanctions the British government has imposed on Russia after the invasion of Ukraine.

“As we continue to isolate Russia in response to their illegal war against Ukraine, the revocation of the recognized status of the Moscow Stock Exchange sends a clear message – there will be no new investment in Russia,” said the British Treasury Minister. Lucy Frazer.

Read:   Reuters: Unicredit is looking for investors from outside Russia to sell its Moscow division

This status is a classification given by HMRC for tax purposes, which allows securities traded on a recognized stock exchange to be eligible for certain tax treatments and exemptions.

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