London stock exchange to suspend EN+ GDRs due to US sanctions

LONDON: The London Stock Exchange said on Tuesday it will suspend trading in EN+ GDRs from the end of trade reporting on May 2 in relation to US sanctions imposed on some Russian individuals and entities.

According to Reuters data, London-listed En+ shares last traded on April 9. They sank 54 percent in two sessions when the US imposed new sanctions on Russian entities.

"The exchange will continue to monitor the situation and is in communication with the UK authorities," the LSE said in a notice on its website.