S&P Dow Jones Indices will remove Russian stocks from its standard equity indexes.

 The index provider behind the S&P 500 said that stocks listed or domiciled in Russia would be cut from emerging markets and other indexes before the market opens on Wednesday. MSCI Inc. said Wednesday that it would drop Russian stocks from its widely-followed emerging markets indexes, and FTSE Russell also announced plans to remove Russian stocks from its indexes. S&P Dow Jones Indices cited “the deterioration in the level of accessibility of the Russian market which may impact the ability of market participants to replicate S&P DJI Indices containing Russian securities.”