Russian companies are being further ostracized from global financial markets with index giant S&P Dow Jones on Friday saying it will remove all stocks listed or domiciled in Russia from its benchmark indices.
In addition, S&P Dow Jones, which oversees the Dow Jones Industrial Average and the S&P 500, said it will "reclassify Russia from an emerging market to 'standalone'" status prior to Wednesday's opening, given the "deterioration in the level of accessibility of the Russian market."
The company said it came to its decision after consulting with market participants as a result of the recent sanctions and economic turmoil caused by Russia's invasion of Ukraine, NBCNEWS reports.
