The UK Tax Office responds the status of an international recognized exchange from Mosbiergi, the merchant reports with reference to the Tax Management Press Service.
When the final decision to revoke status is not known. According to data, over the next two weeks, the Office will hold consultations on the topic.
According to information, the decision is made in response to the ban of Mosbierzhi selling assets to non-residents. In the UK, it is believed that such a ban violates commercial standards, which are expected from an international recognized exchange.
“We continue to isolate Russia in response to her illegal war in Ukraine. Recalling the status of an international recognized exchange is a clear signal that new investments in Russia are impossible,” said Lucy Frazer’s financial secretary.
Recalling the status of a recognized stock exchange means that investors will not be able to access certain tax benefits of the United Kingdom in the future during the trade in securities on the mosserge. At the same time, existing investments will be protected. For existing investments, access to benefits will be saved.