More Russian companies suspended in London as local market remains shut for fifth day

The London Stock Exchange on Friday suspended more Russian companies that had secondary listings at the exchange. The suspension includes the depository receipts of companies including Rostelecom RKMD, , food retailer Magnit MGNT, and conglomerate Sistema SSA, . The LSE said the move was made due to “the ongoing deterioration of market conditions” and the need to maintain “orderly markets.” Russia kept its stock market shut for a fifth day.