The move was a response to the restrictions that the Russian central bank has imposed on foreign investors in connection with Western sanctions against Russia.
Great Britain withdrew the status of a recognized institution from the Moscow Exchange.
This became known from the updated list recognized exchanges, published on May 5 by the UK Revenue and Customs.
The move was a response to the restrictions that the Russian central bank has imposed on foreign investors in connection with Western sanctions against Russia. Now investors trading securities on the Moscow Exchange will not be able to receive certain UK tax benefits.
Last month, London reported that it could withdraw the status from the Moscow Exchange. The fact is that on February 28, the Central Bank of the Russian Federation imposed restrictions on foreign investors and banned brokers from selling assets of non-residents on the Moscow Exchange.
