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Russian threat to foreign listings

Russia's financial markets regulator wants to cut the amount of capital Russian companies can raise abroad. Russian listings on the London Stock Exchange this year accounted for two-thirds of the total capital raised.

The Russian regulator wants to halve the amount companies can list abroad to 20% of their equity in order to develop the Russian equities market, Reuters reports, citing Bembya Khulkhachiyev, deputy head of the regulator.

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