Skip to content

Russian Markets Are Becoming Uninvestable as Sanctions Bite

  • Russia-focused stock funds have tumbled 23% over the past week
  • $13 billion of sanctioned stocks held by U.S., Europe funds
Video player cover image
Ruble Sinks as West Isolates Russia
Updated on

Billions of dollars in cash is at risk of being trapped, stock funds have plunged, and capital controls are choking off money flows. Russia has all the hallmarks of an uninvestable market for global investors.

Russia-focused equity funds have tumbled 23% on average in the past week, according to data compiled by Bloomberg. Bonds have plummeted as default risks intensified, and trading the ruble has become a Herculean task with brokers stepping back from dealing with the currency.