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Russia Urges Companies to Delist Abroad

Deputy prime minister says Russian companies should shift from overseas stock exchanges to the Moscow Exchange as sanctions mount.

By Ksenia Galouchko, Anton Doroshev, and Evgenia Pismennaya, Bloomberg | Updated on April 08, 2014

Russia urged companies to delist their shares from overseas stock exchanges and trade in Moscow in an effort to safeguard them as international sanctions mount against the country after its takeover of Crimea.

“This is a question of economic security,” First Deputy Prime Minister Igor Shuvalov told reporters after a government meeting near Moscow today. Speaking later in a telephone interview, he said the move isn’t mandatory and that companies should make independent decisions.

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