British authorities plan to rescind the Moscow stock exchange’s status in the UK as a recognized exchange, in retaliation for Russia’s restrictions on foreign investors and in a bid to discourage investment in Russia amid the war in Ukraine. The move means that investors will not be able to access certain UK tax benefits when trading securities on the Moscow Stock Exchange (MOEX), according to an April 19 announcement by the HM Revenue & Customs (HMRC). “As we continue to isolate Russia in response to their illegal war on Ukraine, revoking Moscow Stock Exchange’s recognized status sends a clear message—there is no case for new investments in Russia,” Britain’s Financial Secretary to the Treasury, Lucy Frazer, said in a statement. ...
Source: https://www.theepochtimes.com/britain-t ... 15672.html
Britain Targets Moscow Stock Exchange in Bid to Curb Investment in Russia
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Britain Targets Moscow Stock Exchange in Bid to Curb Investment in Russia
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