NASDAQ announced plans to delist shares of Russian companies

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This material was produced in Russia, where it is prohibited by law to cover the special military operation of the Russian Federation in Ukraine

March 16 (Reuters) – New York’s NASDAQ has informed four companies operating in Russia that it intends to forcibly delist their shares from the stock exchange.

On Wednesday, Yandex, Ozon, Headhunter and Qiwi received notices of removal from the list.

The exchange told the companies that their shares would be delisted from the Nasdaq on March 24 unless the decision was challenged.

Yandex and Ozon have already announced their intention to file an appeal.

The stock exchange suspended trading in these companies on February 28, 2022, after Russia sent troops to Ukraine. (Moscow office)