Gazprom, Sberbank, Lukoil: Stocks impacted by Russia-Ukraine crisis

4 min read | March 01, 2022 01:58 AM AEDT | By Rishika Raina

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Gazprom, Sberbank, Lukoil: Stocks impacted by Russia-Ukraine crisis — Image source: pan demin, Shutterstock

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Highlights

As the market opened on Monday, major UK banks were the biggest fallers on the LSE due to financial sanctions being imposed on Russia.

Standing at 7,431.88 points, the FTSE 100 index was down by 0.76% at around 1:00 PM (GMT) on Monday, 28 February.

Russia’s invasion of Ukraine has created panic in stock markets across the globe. With the UK levying a range of sanctions on Russia, the stocks of several Russian companies listed on the London Stock Exchange (LSE) are taking a hit. However, the UK companies are also being impacted by the same.

As the market opened on Monday, major UK banks, including Barclays, HSBC, NatWest, and Lloyds, were the biggest fallers owing to the financial sanctions being imposed on Russia. Shares of various companies having solid associations with Russia were down as the market opened. Standing at 7,431.88 points, the FTSE 100 index was down by 0.76% at around 1:00 PM (GMT) on Monday, 28 February.

Stocks impacted due to Russia-Ukraine crisis

Currently, more than 30 Russian companies are publicly trading on the LSE, and the largest ones are Gazprom (LON: OGZD), Sberbank, and Rosneft (LON: ROSN). Under immense pressure from the UK Government, oil supermajor BP has decided to ditch its 20% stake in Russian state-owned oil firm Rosneft. Many UK companies are also under pressure to abandon their stakes in Russian firms and operations, but these retaliatory measures can have a significant financial impact on them too.

Let’s look at 5 lSE-listed Russian companies, which have seen a massive fall in value amid the ongoing crisis.

Sberbank of Russia (LON:SBER)

The current market cap of the Moscow-headquartered state-owned bank stands at £16,329.98 million as of 28 February 2022. The one-year return of the bank stands at -91.51% as of 28 February 2022, while its year-to-date return stands at -92.34%. Sberbank of Russia’s shares were trading at US$1.24, down by 69.59%, at 1:17 PM (GMT) on 28 February 2022.

PJSC Gazprom (LON: OGZD)

The current market cap of the Saint Petersburg-headquartered firm, PJSC Gazprom, stands at £49,226.08 million as of 28 February 2022. The one-year return of the energy firm stands at -38.79% as of 28 February 2022, while its year-to-date return stands at -62.54%. Gazprom’s shares were trading at USD 3.59, down by 35.58%, at 1:20 PM (GMT) on 28 February 2022.

PJSC MMC Norilsk Nickel (LON:MNOD)

The current market cap of Moscow-headquartered mining firm Norilsk Nickel stands at £27,342.81 million as of 28 February 2022. The one-year return of the mining firm stands at -57.33% as of 28 February 2022, while its year-to-date return stands at -56.74%. Norilsk Nickel’s shares were trading at USD 13.41, down by 44.15%, at 1:24 PM (GMT) on 28 February 2022.

Stocks impacted due to Russia-Ukraine crisis

PJSC Lukoil (LON: LKOD)

The current market cap of the Moscow-headquartered energy firm Lukoil stands at £26,139.64 million as of 28 February 2022. The one-year return of the energy firm stands at -65.78% as of 28 February 2022, while its year-to-date return stands at -71.64%. Lukoil’s shares were trading at USD 25.72, down by 49.20%, at 1:26 PM (GMT) on 28 February 2022.

Also read: Lloyds, Barclays, HSBC, NatWest: Should you hold these FTSE stocks?

Polymetal International Plc (LON: POLY)

The current market cap of the Anglo-Russian mining firm Polymetal International plc stands at £3,781.43 million as of 28 February 2022. The one-year return of the FTSE100-listed firm stands at -70.21% as of 28 February 2022, while its year-to-date return stands at -67.76%. Polymetal International plc’s shares were trading at GBX 421.80, down by 47.17%, at 1:33 PM (GMT) on 28 February 2022.

Note: The above content constitutes a very preliminary observation or view based on industry trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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