OREANDA-NEWS The Moscow Stock Exchange will suspend trading in X5 Retail Group receipts from April 5 due to a lawsuit by the Ministry of Industry and Trade. This was announced by the trading platform itself.

We are talking about global depositary receipts representing ordinary shares of X5 Retail Group N.V.

The claim to the Arbitration Court of the Moscow region became known at the end of March. The Ministry of Industry and Trade decided through the court to suspend the rights of X5 Retail Group to the "daughter" in Russia.

In early March, Russian Prime Minister Mikhail Mishustin signed an order to add the first six companies to the Russian list of economically significant organizations (EZO), among them X5 Group. The compilation of the EZO list is part of the authorities' plan to deoffshorize the economy, aimed at protecting the rights of Russian shareholders of foreign holding companies.