Britain revokes Moscow Stock Exchange’s recognized status.

 UK has revoked the Moscow Stock Exchange’s (MOEX) status as a recognized stock exchange in response to restrictions that the Bank of Russia had placed on foreign investors following the implementation of financial sanctions on Moscow for its invasion of Ukraine. The UK’s Revenue and Customs department updated its list of designated recognized stock exchanges on May 5, noting the designation for the MOEX had been revoked, effective immediately. Last month the British government signaled the move, saying that restrictions imposed on foreign investors by the Russian central bank on February 28 meant that the Moscow exchange was “no longer operating in line with the typical commercial standards expected of a recognized exchange.”