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Russian stocks plummet on LSE after Sberbank pulls back from European markets

Sberbank Russia said its subsidiary banks have faced an 'exceptional outflow of funds' amid safety concerns for staff

The dollar-denominated secondary listings of Russian companies continued to plunge on the London Stock Exchange on 2 March, as the local Russian stock market remained shut for a third day.

Lukoil shares dropped 93%, Novatek dropped 77% and Rosneft Oil collapsed by 58%.

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