Nasdaq removes Russian tech stocks from list for trading

This was reported by the Nasdaq stock exchange.

Shares in Yandex, Ozon, Qiwi and HeadHunter were not allowed to trade.

The exchange cited "geopolitical circumstances that continue to affect Russia and their potential impact on the Company remains unchanged" as the reason.

The Nasdaq Listing Qualification Commission said it was exercising its power to delist securities on an event/condition basis, making a listing of securities on Nasdaq impractical, even if the securities meet all initial or permanent listing criteria.

Yandex said the delisting would not affect the company's operations, but promised to appeal the decision. Ozon also said it would explore the appeal process.