How Russian stocks still meet EU rules for ‘good governance’

Loose SFDR definitions leave room for Russian state-owned firms to remain in article 8 funds

Russia has invaded Ukraine. The International Criminal Court has opened an investigation into alleged war crimes committed by the Russian military. The international community, including the European Union, has imposed swingeing sanctions on a variety of Russian state-owned companies. Those sanctions have resulted in prolonged shutdowns on the Russian stock market, prompting index providers to expunge Russian stocks from some of their products, while asset managers head for the exits – if they

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