Electronic trading major IG today announced changes to its trading conditions. With effect from 15:00 GMT on Tuesday 1 March, IG is increasing margin rates on existing CFD and spread bet positions to 100% on certain shares with direct exposure to Russia.

• Should traders wish to maintain their positions, they need to ensure they have sufficient funds on their account before 15:00 GMT Tuesday 1 March, otherwise positions on their account will be closed.
• No new positions can currently be opened on these shares.
• Increased volatility can amplify the risk of rapid or large losses.

As the situation continues to develop, IG may take further steps in relation to products with direct or indirect exposure to Russia, including limiting positions or increasing margin. Where possible the broker will aim to give as much notice as it can, though in the circumstances that may be a shorter time frame than usual.

List of affected shares:

• Tigers Realm Coal Limited
• United Company RUSAL PLC
• Lukoil OAO – GDR (DE)
• Amur Minerals Corp
• Polymetal International PLC
• RusPetro PLC
• Ros Agro PLC
• En+ Group PLC
• Federal Grid Co Unified Energy System PJSC
• X5 Retail Group NV
• Globaltrans Investment PLC – GDR
• Hydraulic Machines and Systems Group PLC – GDR
• RusHydro JSC – GDR
• Lenta Ltd
• LSR Group
• VK Co Ltd
• MD Medical Group Investments PLC
• Magnit OJSC – GDR
• Magnitogorsk Iron & Steel Works – GDR
• Novorossiysk Commercial Sea Port PJSC
• Novolipetsk Steel OJSC – GDR
• Phosagro OAO – GDR
• Polyus PJSC
• Sberbank of Russia – GDR
• Surgutneftegas Public
• Severstal OAO – GDR
• Tatneft OAO – GDR
• Gazprom Neft OAO – GDR
• Lukoil OAO – GDR
• TMK OAO – GDR
• MMC Norilsk Nickel OJSC – GDR
• NovaTek OAO – GDR
• Gazprom OAO – GDR
• Rostelecom OJSC – GDR
• Rosneft OAO – GDR
• Sistema JSFC – GDR
• VTB Bank OJSC – GDR
• Mobile Telesystems OJSC – ADR
• Mechel – ADR
• Polyus Gold PJSC
• HeadHunter Group PLC
• NEXTERS INC