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Russia lost access to half a trillion in foreign assets but so did foreign owners of Russian assets.
by mateo1 5y ago
Russia lost access to half a trillion in foreign assets but so did foreign owners of Russian assets.
- wahern 5y agoThe Reuters article speaks in terms of number of shares, not valuation. According to a Barrons article, "Foreign investors owned about $86 billion of Russian stocks at the end of last year, according to data from the Moscow Exchange." https://www.barrons.com/articles/russian-stocks-frozen-whats-going-on-51646424002 https://www.barrons.com/articles/russian-stocks-frozen-whats... This is echoed by an FT article, which additionally says that bonds and other securities account for at least another USD $61 billion, rounding things up to USD $150 billion of total securities exposure: https://www.ft.com/content/ff0f0533-ca8f-4e7b-9cd8-28710dcee5f7 https://www.ft.com/content/ff0f0533-ca8f-4e7b-9cd8-28710dcee... The article seems to imply that's a conservative figure, but it's still a far cry from USD $1 trillion.