Two major US stock exchanges Nasdaq and NYSE have announced they will temporarily halt stock trading on Russian based companies listed on their exchanges due to regulatory concerns following sanction on Russia.
When it comes to individual companies, Shell (RDSA.UK) plans to withdrew from equity partnership with Russian Gazprom and related entities, which includes 27.5% stake in Sakhalin-ii-liquefied natgas facility. Shell also cuts its ties to Nordstream 2 project.
Earlier BP and Total took similar approach and decided to exit their holding in Russian owned oil/gas businesses. Meanwhile State Bank of India halt processing transactions involving sanctioned Russian entities irrespective of the currency. It looks like that more government and corporate entities decided to condemn Putin's actions.
Total (TOT.US) launched today’s session with a bearish price gap, however buyers managed to halt declines around major support at $50.00 which is marked with lower limit of the 1:1 structure, 23.6% Fibonacci retracement of the upward move launched in 2020 and lower boundary of the ascending channel. As long as price sits above, another upward move may be launched. Source: xStation5
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