Nasdaq and NYSE delisted Russian companies, including Yandex

The New York Stock Exchange (NYSE) and Nasdaq announced that they will forcibly delist five Russian companies: Yandex, TsIAN, Ozon, Qiwi, and HeadHunter. As Nasdaq reports, Yandex has already announced that it will file an appeal against this decision. However, in general, trading of the shares of the mentioned Russian companies has been suspended back in February 2022.

• The New York Stock Exchange and Nasdaq announced that they have decided to forcibly delist five Russian companies. The list includes such companies as Yandex (Yandex N.V), Cian Plc, Ozon (Ozon Holdings), Qiwi (QIWI Plc), and HeadHunter (HeadHunter Group).
• If the companies do not appeal this decision, their shares will be delisted on March 24, 2023. Yandex has already announced its intention to file an appeal, which must be considered within 45 days of filing.
• As Nasdaq noted, “there are no guarantees that the Commission will grant the Company’s request for continued listing.” However, in general, trading of the shares of these companies was suspended on American exchanges back in February 28, 2022.
• Even if an appeal is filed, the trading will remain suspended until the appeal is resolved and the companies are delisted.