Russia is becoming more and more isolated on the financial markets in view of its war against Ukraine and the sanctions it has imposed as a result.

The US financial services provider S&P Dow Jones has now also announced in New York that it will remove shares from companies based in Russia or those listed there from its indices.

The company, which belongs to the large financial group S&P Global, is responsible for the leading American indices Dow Jones and S&P 500, but also for a whole range of emerging market portfolios.

S&P Dow Jones now wants to isolate Russia from this and only determine data for six existing indices that only include Russian stocks.

The measures should take effect next Wednesday.

S&P Dow Jones cited the recent sanctions against Russia and restricted market access as the reason.

The index operator Nasdaq and other financial data service providers such as MSCI and Bloomberg had previously announced that they would remove Russian stocks from their indices.