The New York Stock Exchange and the Nasdaq Stock Market halted trading of several U.S.-listed Russian stocks this morning in the wake of tough new sanctions imposed by Washington in response to the invasion of Ukraine.
NYSE’s website said the exchange had halted the trading of Russian telecom operator Mobile TeleSystems PJSC, mining and steel company Mechel PAO and online real-estate classifieds company Cian PLC due to “regulatory concern.”
Nasdaq halted the trading of several other Russian companies, including search-engine operator Yandex NV and online retailer Ozon Holdings, citing “news pending.” Ozon, sometimes called Russia’s Amazon.com, held its initial public offering on the Nasdaq in 2020.
The halts are temporary while the NYSE’s and Nasdaq’s regulatory teams study the newly imposed sanctions, people familiar with the matter said. They don’t go as far as a delisting, in which a stock is booted off an exchange.