MOSCOW, August 9 (RIA Novosti) – MSCI, a stock market indexes provider, decided to keep Sberbank and VTB Bank shares in its MSCI Russia Index, the statement on the company’s website said.
In early August, MSCI has launched a number of new indexes that did not include Russia, to allow investors avoid investing in the country affected by the US and EU sanctions. The company planned to announce the decision about the presence of VTB and Sberbank in the MSCI Russia Index on August 8.
According to the company’s statement, the shares of Sberbank and VTB bank will remain the MSCI Russia Indexes and related composite indexes until further notice.
The MSCI press statement also said that the company will hold additional consultations with investors in case Sberbank or VTB bank issue new shares.
Both banks have announced on August 7 they do not plan to issue new shares.
