Russian Markets Break Down With Cash Frozen at the Border
- Russian central bank has banned transfers to foreign investors
- It’s ‘like putting a finger in the air to predict ruble’
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The Russian stock market has been shut for days and officials are barring any cash going to foreign investors. Funds from London to New York have suspended trading.
For now at least, any financial asset linked to Russia looks all but frozen. Even commodity shipments, the country’s economic lifeblood, are being disrupted and some buyers have refused Russian oil.