Russia's VTB Capital suspended from London Stock Exchange

Russian investor VTB Capital had its London Stock Exchange membership suspended on Friday, as part of the UK’s sanctions on Russia.

Reuters reported that the suspension meant the company, part of Russia’s second-largest bank VTB, would no longer be able to trade on London’s exchange.

Westminster announced a set of “comprehensive sanctions” on Russia late on Thursday, after Vladimir Putin ordered a large-scale invasion of Ukraine, resulting in civilian deaths.

Russian bank assets in the UK were being frozen, and Russian state-owned and “key strategic private companies” were barred from raising finance on UK financial markets.

Other targets of the UK’s sanctions included defence company Rostec, air and sea missile supplier Tactical Missile Corporation, tank manufacturer Uralvagonzavod, and a number of individuals the UK said were in Vladimir Putin’s ‘inner circle’.