Russian Stocks Won’t Be Removed From S&P Dow Jones

U.S. index provider S&P Dow Jones said Monday it won’t remove Russian stocks from the firm’s various benchmarks, based on consultations it had with clients. The company’s announcement comes amidst mounting signs that Western sanctions are having an impact on the Russian economy. Russian stocks: Sufficient advance notice available In the wake of broadening economic sanctions against Russia, the S&P Dow Jones Indices initiated a consultation exercise with clients regarding the inclusion of Russian securities in S&P indices. The objective of the client consultation process that commenced on July 31 was to gather information to make potential index adjustments in a timely…