VanEck Liquidates Two Russia ETFs Nearly a Year Into Ukraine War
- Geopolitics, sanctions on Russia made funds positions illiquid
- VanEck says liquidation of RSX and RSXJ could take a long time
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VanEck is liquidating two Russia exchange-traded funds nearly a year into Vladimir Putin’s invasion of Ukraine.
The issuer is closing the VanEck Russia ETF (ticker RSX) and the VanEck Russia Small-Cap ETF (RSXJ), it said in a release Thursday. Trading in the funds and others like them had ceased following Russia’s brutal invasion of its neighbor, which started in February. The US and its European allies, among others, instituted harsh sanctions against Russia in the wake of the war.