Moscow Exchange will suspend trading in receipts of X5 Retail Group from April 5. The decision is related to the claim of the Russian Ministry of Industry and Trade against the company.
“In accordance with the rules... suspend Trading in securities from 04/05/2024... global depositary receipts representing ordinary shares,” the trading platform said in a statement. The company has applied to the arbitration court of the Moscow region to suspend its corporate rights in relation to its Russian subsidiary LLC Corporate Center X 5.