UK investors have £5bn trapped in Moscow’s shuttered stock market

UK investors have £5bn trapped in Moscow’s shuttered stock market

British investors have up to £5bn in shares trapped in Moscow’s stock market, and could see their holdings effectively wiped out when trading eventually resumes.

Russia’s stock market was closed for all of last week as the country faced immense economic sanctions in response to its invasion of Ukraine.

The value of Russian shares owned by UK investors before the Kremlin closed Moscow’s market was at £4.7bn, according to analysis by The Daily Telegraph.