The dollar-denominated secondary listings of Russian companies continued to plunge on the London Stock Exchange on Wednesday, as the local Russian stock market remained shut for a third day. Lukoil
shares dropped 93%, Novatek
dropped 77% and Rosneft Oil
collapsed by 58%. X5 Retail
however, surged 58%. Sberbank
Russia’s number-one lender, traded as low as a penny.