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>There's a reason why they closed off their stock market That's a completely false information. The stock market isn't closed.

dcrazy 2y ago
The post you are quoting did not say they closed the stock market. They said they “closed off” the stock market, which implies denying access to certain classes of investors. That said, I’m not finding anything about Russia prohibiting foreign investment, but I am finding a lot about sanctions prohibiting dollar and Euro investment in Russia.
- sedan_baklazhan 2y ago
  I have an investor account and I know for sure the stock market isn't closed.
  - jhugo 2y ago
    “Closed off” means “restricted access to”. It doesn’t mean “closed”. I have no idea what restrictions the parent was referring to, but they weren’t saying that the stock market shut down.
    - sedan_baklazhan 2y ago
      Perhaps you're right. English isn't my native language - thanks for explaining.
    - the_mitsuhiko 2y ago
      As a "westerner" you will need a Russian residence permit I think to trade. I at least would not know how you can actually buy something in MOEX as someone based in Europe.
Etheryte 2y ago
Foreigners are not allowed to sell on the Russian stock market from the Russian side [0] and they're generally not allowed to buy from the sanctions side. This means that as a foreign investor you're barred from trading in any useful meaning of the word. Buy and hold in the hopes that you might be able to maybe some day sell, whether that's in a year, ten years, or a hundred, is not really a viable strategy. That's also the reason why investment and asset management companies of all sizes are trying to find their exits from the Russian market, see for example Van Eck [1], just the latest addition in a long line of many: > Regulatory and market conditions do not currently permit the Funds to conduct transactions in the local Russian market. [0] https://www.reuters.com/business/finance/limited-russian-stock-market-trading-resume-march-24-central-bank-says-2022-03-23/ https://www.reuters.com/business/finance/limited-russian-sto... [1] https://www.vaneck.com/us/en/blogs/emerging-markets-equity/rsx-rsxj-liquidation-faq/ https://www.vaneck.com/us/en/blogs/emerging-markets-equity/r...

dcrazy 2y ago

The post you are quoting did not say they closed the stock market. They said they “closed off” the stock market, which implies denying access to certain classes of investors. That said, I’m not finding anything about Russia prohibiting foreign investment, but I am finding a lot about sanctions prohibiting dollar and Euro investment in Russia.

sedan_baklazhan 2y ago
I have an investor account and I know for sure the stock market isn't closed.
- jhugo 2y ago
  “Closed off” means “restricted access to”. It doesn’t mean “closed”. I have no idea what restrictions the parent was referring to, but they weren’t saying that the stock market shut down.
  - sedan_baklazhan 2y ago
    Perhaps you're right. English isn't my native language - thanks for explaining.
  - the_mitsuhiko 2y ago
    As a "westerner" you will need a Russian residence permit I think to trade. I at least would not know how you can actually buy something in MOEX as someone based in Europe.

Etheryte 2y ago

Foreigners are not allowed to sell on the Russian stock market from the Russian side [0] and they're generally not allowed to buy from the sanctions side. This means that as a foreign investor you're barred from trading in any useful meaning of the word. Buy and hold in the hopes that you might be able to maybe some day sell, whether that's in a year, ten years, or a hundred, is not really a viable strategy. That's also the reason why investment and asset management companies of all sizes are trying to find their exits from the Russian market, see for example Van Eck [1], just the latest addition in a long line of many: > Regulatory and market conditions do not currently permit the Funds to conduct transactions in the local Russian market. [0] https://www.reuters.com/business/finance/limited-russian-stock-market-trading-resume-march-24-central-bank-says-2022-03-23/ https://www.reuters.com/business/finance/limited-russian-sto... [1] https://www.vaneck.com/us/en/blogs/emerging-markets-equity/rsx-rsxj-liquidation-faq/ https://www.vaneck.com/us/en/blogs/emerging-markets-equity/r...