London Stock Exchange suspends VTB Capital’s membership

1 min read
A man wearing a protective face mask walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus outbreak could stall the global economy, in London

LONDON – The London Stock Exchange said on Friday it has suspended VTB Capital’s membership following Britain’s sanctions in retaliation for Russia’s invasion of Ukraine.

The suspension means that VTB Capital, owned by one of Russia’s biggest banks VTB, can no longer trade on the LSE, a spokesman for the exchange said.

(Reporting by Huw Jones; Editing by Hugh Lawson)