Nearly $13 billion worth of Russian shares held by US and European funds are now held by sanctioned companies.
Russia-focused equity funds sank 23% over the week / REUTERS Illustration
The war against Ukraine put an end to foreign investment in Russia. Russia-focused equity funds sank 23% over the week.
It is reported by Bloomberg . Opportunities to sell assets are limited, and exiting the market is accompanied by large losses.
The main reason for investors’ problems is international sanctions against Moscow after its invasion of Ukraine and restrictions on the market.
Bloomberg Intelligence has calculated that almost $13 billion worth of Russian shares held by US and European funds are now held by sanctioned companies.
(C)UNIAN 2022
And the investors and oligarchs just have one person to look at for their massive losses but he’s hiding somewhere in the Urals. A real man he is…
If he is thrown out of office, it will the oligarchs that do it. But, Putin owns the intel apparatus and he is probably hemmed in quite well to the extent that he will know of any plans for a coup. Some are predicting they will throw him out. I doubt, very seriously, they will succeed. If it happens, it will his inner circle that kills him as Beria probably did to Stalin.