ICE to remove debt of sanctioned Russian entities from fixed income indexes

(Reuters) - The Intercontinental Exchange said on Monday that it will remove the debt of Russian entities that are under sanctions by the United States, United Kingdom or European Union from its fixed income indexes.

As of Feb. 28 new debt of affected entities will not be added to the indexes. This includes sovereign debt issued by the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation, ICE said.

The debt of blocked entities will also be removed from indexes when they are rebalanced on March 31. Examples of blocked entities include the State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank and VTB Bank Public Joint Stock Company, ICE said.

(Reporting By Karen Brettell; Editing by Leslie Adler)