UK’s Russia beef drives capital home, poses risk to City

Increased hostility towards Russia from the UK political establishment is severing the financial links between the two countries. The arguments between Russia and the West are freezing the former’s equity capital markets, which depend on UK and US investors, and is, according to some sources, driving Russians to repatriate capital. In the long-run, it could even be detrimental to the UK’s capital markets industry, write Sam Kerr and Francesca Young.