- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

MSCI Decides to Maintain Sberbank, VTB Stocks in Its Indexes

© RIA Novosti . Anton Denisov / Go to the mediabankSberbank office in Moscow
Sberbank office in Moscow - Sputnik International
Subscribe
MSCI, a stock market indexes provider, decided to keep Sberbank and VTB Bank shares in its MSCI Russia Index, the statement on the company’s website said.

MOSCOW, August 9 (RIA Novosti) – MSCI, a stock market indexes provider, decided to keep Sberbank and VTB Bank shares in its MSCI Russia Index, the statement on the company’s website said.

In early August, MSCI has launched a number of new indexes that did not include Russia, to allow investors avoid investing in the country affected by the US and EU sanctions. The company planned to announce the decision about the presence of VTB and Sberbank in the MSCI Russia Index on August 8.

According to the company’s statement, the shares of Sberbank and VTB bank will remain the MSCI Russia Indexes and related composite indexes until further notice.

The MSCI press statement also said that the company will hold additional consultations with investors in case Sberbank or VTB bank issue new shares.

Both banks have announced on August 7 they do not plan to issue new shares.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала