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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
by 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...