Russian oil and gas giants on the LSE have seen their stock prices implode following the Russian invasion of Ukraine. Shares in Rosneft, Gazprom, Lukoil, and Surgutneftegas collapsed on the London market, losing as much as $190 billion of their combined market capitalization, or 95 percent. The Russian oil and gas giants listed on the London Stock Exchange have seen their shares crashing after Putin invaded Ukraine last week. Since last Thursday, when Russia invaded Ukraine, shares in Rosneft, Gazprom, Lukoil, and Surgutneftegas collapsed on the London market, losing as much as $190 billion of their combined market capitalization, or 95 percent, according to estimates from Saxo Group and Bloomberg shared by Saxo Bank’s Head of Commodity Strategy Ole Hansen. The companies could have seen their market cap crashing in Moscow, too, if the Moscow stock exchange was open. However, following the SWIFT sanctions imposed on Russian banks over […]