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MSCI details possible changes to Russian indexes in event of new sanctions -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This illustration of the MSCI logo was taken on June 20, 2017. REUTERS/Thomas White/Illustration

(Reuters] – MSCI indicated that although it did not take any sanctions against Russia after a volley by Western governments it was considering taking measures such as freezing Russian indexes if the new sanctions affect their ability to invest for a substantial portion of global capital investors.

As the West attempts to prevent an invasion of Ukraine, Joe Biden announced Tuesday new sanctions against two Russian banks and elites. He also punished Moscow for sending troops to separatist areas it recognizes.

Britain, Germany, and the European Union all announced financial measures to hit Russia as they fear an incursion. This is a threat Moscow has repeatedly denied over months.

MSCI, the equity index compiler MSCI stated in a report that it can take other actions including a security freeze. This would prevent certain companies from increasing the share count.

According to it, this would mirror MSCI’s current approach to existing sanctions against Russia.

MSCI also added that it could implement the complete erasure of certain securities from Equity Indexes.

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