RUSL - MSCI FTSE Russell cut Russian equities from indices

More damaging news keeps flowing in for Russian markets as MSCI (NYSE:MSCI) and FTSE Russell (OTCPK:LDNXF) cut the nation's equities out of their widely-tracked indexes. The decision followed two days of deliberations, in which the "overwhelming majority" involved in the consultation had reported that "the Russian equity market is currently uninvestable." The Moscow Stock Exchange will be closed for the fourth consecutive day on Thursday, while hundreds of millions of dollars in market value of Russia-based stocks and ETFs have already been wiped out in the U.S. Bigger picture: International sanctions punishing Russia for its invasion of Ukraine have seen a slew of Western companies pull out of Russia, while measures targeting the central bank's reserves have pushed the ruble to record lows. The latest? Boeing and Airbus have suspended parts and maintenance support for Russian airlines, adding further barriers to continue operating their fleets, while Mercedes-Benz discontinued deliveries to

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MSCI, FTSE Russell cut Russian equities from indices