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London Stock Exchange halts trading by VTB Capital after Russia slapped with sanctions

'With immediate effect, the London Stock Exchange has suspended VTB Capital PLC‘s membership,' the UK benchmark exchange said

By Penny Sukhraj
VTB Bank is Russia’s second-largest financial institution, owning nearly 20% of banking assets in Russia
VTB Bank is Russia’s second-largest financial institution, owning nearly 20% of banking assets in Russia Photo: Artyom Geodakyan/TASS/Alamy

The London Stock Exchange Group suspended VTB Capital’s membership in response to UK sanctions on Russia after its invasion of Ukraine.

“With immediate effect, the London Stock Exchange has suspended VTB Capital PLC's membership,” the LSE said in a 25 February notice to the firm, which has an office in the City and is headquartered in St Petersburg.

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