FTSE to keep sanctioned Russian banks in indexes for now


  • World
  • Saturday, 16 Aug 2014

China's President Xi Jinping attends a meeting with Venezuela's President Nicolas Maduro (unseen) at Miraflores Palace in Caracas July 20, 2014. REUTERS/Jorge Silva

MOSCOW (Reuters) - Stock index compiler FTSE has decided to keep Russia's banks Sberbank and VTB in its indexes for now but would exclude them if they issued new shares, it said late on Friday.

The decision is likely to reassure investors in Russia's two largest banks, as neither is expected to issue new equity in the near future.

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