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Russian stocks traded in the global financial center of London have plunged in value. Above right, the London Stock Exchange.
Simon Dawson/Bloomberg
Some Russian companies have recently been valued at more than a $100 billion. Now, they are penny stocks.
The London market has doled out severe punishments on some of Russia’s largest businesses. Traders are dumping shares in response to tough new sanctions punishing Moscow for the invasion of Ukraine.
While Russia’s stock market has…
