Russian energy giant Lukoil(LUKOY) has announced plans to terminate its ADR program. In addition, the firm will also cancel its listing on the London Stock Exchange as well effective June 6, 2022. This is a big blow for American and foreign investors in Lukoil. However this is not a surprise since Russian passed a law in …

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The wild ride for the holders of Russian ADRs continues it many twist and turns. The latest update concerns around the decree signed by President Vladimir Putin on April 16 that requires Russian companies to remove their listings from overseas equity markets. This effectively means the cancellation of Depository Receipt Programs of Russian companies trading …

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Russia is one of the world’s major oil producers and exporters. Much of Europe including the economic engine Germany depend on Russian oil. Among the emerging markets China is a major consumer of Russian oil. The following infographic shows additional insights on the dependency of other countries for crude oil from Russia: Click to enlarge …

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