S&P Dow Jones Indices will exclude shares of Russian companies from the main indexes

Index provider S&P Dow Jones Indices announced that from March 9, shares of Russian issuers (including ADR and GDR) will be excluded from the main Dow Jones indices. 

The provider said that it took this step in connection with the recent sanctions and suspension of trading. It was also noted that as a result of the reclassification from the list of emerging markets, Russia will be allocated to a separate segment.

At the same time, the provider will continue to calculate and publish data on individual local indices, including Russian securities. These indices are focused on the Russian investor, but may be inactive for investors from the US, UK and EU. 

In particular, we are talking about the indices S&P Russia BMI, S&P/IFCI Russia, Dow Jones Russia Index, S&P/BNY Mellon Russia DR, ADR, and GDR, Dow Jones Russia GDR, Dow Jones Russia GDR ex US/EU Sanctioned Stocks Index.

S&P DJI clarified that the next revision of the status of Russian securities is scheduled for 2023, when an annual review will be conducted.