S&P Dow Jones to remove Russian stocks from indices

Stocks of companies listed or registered in Russia, including ADRs and GDRs, will be excluded from stock indices, S&P Dow Jones informed.

The company also announced the reclassification of Russia by excluding it from the emerging markets designation and assigning the status of a separate market (standalone), Interfax reports.

According to an S&P Dow Jones press release, the changes will come into effect before the open of trading on March 9