Russian stocks in London continue to collapse as Sberbank trades for a penny

The dollar-denominated secondary listings of Russian companies continued to plunge on the London Stock Exchange on Wednesday, as the local Russian stock market remained shut for a third day. Lukoil
LKOD,
-96.99%
shares dropped 93%, Novatek
NVTK,
-96.30%
dropped 77% and Rosneft Oil
ROSN,
-64.27%
collapsed by 58%. X5 Retail
FIVE,
-68.93%,
however, surged 58%. Sberbank
SBER,
-92.05%,
Russia’s number-one lender, traded as low as a penny.