Russia exit will cost London Stock Exchange £60 million
Published on: Tuesday 26 April 2022
Turning its back on Russia will cost the London Stock Exchange Group an estimated £60 million this year, the company admitted today. LSEG said pulling out of Russia and dumping Russian businesses from the market would knock revenues by an estimated £60 million in 2022. The biggest impact comes from suspending its data and analytics services but the company has also suspended over 40 Russian businesses with listings in London since the invasion of Ukraine.