British investors will lose tax benefits when trading on the Moscow Exchange The UK tax authority, HM Revenue and Customs (HMRC), on Tuesday announced plans to revoke the Moscow Stock Exchange’s (MOEX) status as a “recognized stock exchange.” The move is meant to discourage British citizens from investing in Russia. “As we continue to isolate Russia in response to their illegal war on Ukraine, revoking Moscow Stock Exchange’s recognized status sends a clear message – there is no case for new investments in Russia,” UK Financial Secretary to the Treasury Lucy Frazer said, commenting on the move, as cited in the HM
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