Tickerlog
Friday 4th of March 2022 07:32:28 AM

Nasdaq to remove all Russian securities from its indexes

Russian Flag is Waving Against Blue Gray Surface MicroPixieStock/iStock via Getty Images
  • Following similar moves by other index companies, Nasdaq (NASDAQ:NDAQ) is removing all Russian-listed equity securities, along with American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), from Nasdaq's indexes as of March 9, 2022.
  • "Nasdaq (NDAQ) has determined that Russian equity securities have become un-investable for practical purposes, and that their continued inclusion in Nasdaq's family of indexes would not be appropriate.
  • The Russian securities will be removed from the indexes at a "price approximating zero," the company said in a statement.
  • Previously (March 3), MSCI, FTSE Russell cut Russian equities from indices

NDAQ

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