Index provider FTSE Russell, a subsidiary of London Stock Exchange Group PLC, announced late Monday that a number of Russia-linked companies will be deleted from the FTSE Russell indices due to insufficient liquidity, amid sanctions against Russia.

The companies include steel maker and miner Evraz PLC, precious metals miner Polymetal International PLC, gold miner Petropavlovsk PLC, and commercial real-estate investment company Raven Property Group Ltd.

The deletions will come into effect on Monday next week.

Evraz and Polymetal both currently are FTSE 100 constituents, though both already were scheduled to be downgraded to the FTSE 250 on Monday next week as part of FTSE Russell’s quarterly review. Trading in Evraz shares has been suspended since late last week, after UK sanctions were applied to 29% shareholder Roman Abramovich.

Petropavlovsk currently is a FTSE 250 member, but it too was due to be bumped out next week.

‘FTSE Russell has received feedback from FTSE Russell’s external advisory committees and a range of market participants that the ability to buy or sell shares of the index constituents below is severely restricted due to major international brokerage firms no longer supporting trading of these securities and therefore there is insufficient institutional liquidity and market depth. Consequently, this will prevent index trackers from replicating the ongoing inclusion of these names within the FTSE Russell indices,’ FTSE Russell said.

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