Nasdaq is closely monitoring the evolving and escalating sanctions implemented by the United States, the European Union, and United Kingdom with respect to exchange-listed Russian securities and the ability of international investors to transact in them. Nasdaq is committed to ensuring full compliance with all relevant sanctions imposed on Russia. In addition, Nasdaq 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.

As a result, all Russian-listed equity securities, along with American Depositary Receipts (ADRs) and Global Depositary Receipts(GDRs)that utilize Russian listings as underlying securities, will be removed from Nasdaq’s indexes at a price approximating zero. These security removals will be effective prior to market open on Wednesday, March 9, 2022. The specific securities, indexes, and effective dates will be announced to index subscribers in advance, through the Global Index Watch(GIW).

As conditions evolve, we aim to update all stakeholders with sufficient notice of any further changes in policies and procedures, although Nasdaq reserves the right to exercise reasonable discretion as it deems appropriate to ensure and preserve Index integrity.

Source: Nasdaq