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Russian Stocks in London Wipe Out 98% of Value in Two Weeks

  • Sanctions against Russia spark exodus from U.K.-listed stocks
  • Moscow exchange closed for a third day by central bank
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Johnson Says U.K. Will Publish List of People Associated With Putin
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U.K.-listed depositary receipts of Russian companies are evaporating in value as sanctions take effect. 

The Dow Jones Russia GDR Index, which tracks London-traded Russian companies, has plunged 98% in two weeks. The slump has wiped out $572 billion from the market value of 23 stocks, including Gazprom PJSC, Sberbank of Russia PJSC and Rosneft PJSC, according to Bloomberg calculations.