An overwhelming majority of market participants see the Russian market as “uninvestable” and its securities will be removed from emerging markets indexes effective March 9, MSCI said. FTSE Russell will delete Russia index constituents listed on the Moscow Exchange on March 7.
“We can’t sell our Russian stocks,” said Russel Chesler, head of investments and capital markets at fund manager VanEck Associates Corp. in Sydney. “Even last week our brokers wouldn’t sell them when the markets were open, and this will just deteriorate things further for investors.” Bloomberg is also seeking feedback on the investability of Russian index members in global equity gauges following recent sanctions and seeks feedback by March 3. Bloomberg LP, the parent of Bloomberg News, is also the parent company of Bloomberg Index Services Ltd., which administers these indexesand ban foreigners from selling securities locally, effectively shutting the exit for investors.
India and China could be beneficiaries, according to Vishnu Varathan, head of economics and strategy Mizuho Bank Ltd. in Singapore. Alan Richardson, a portfolio manager at Samsung Asset Management, said capital flows may pivot to Indonesia and Malaysia, which share similarities to Russia in terms of commodities.
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Shell, BP pull business out of Russia in efforts to apply economic sanctionsRussia's economic sanction woes are now deepening. The oil-rich country has lost 2 major petroleum companies, who say the invasion of Ukraine is deplorable. Read more 👇Shell BP Russia
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Apple says it halts all product sales in Russia - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Apple Inc said on Tuesday it has paused all product sales in Russia in response to the Russian invasion of Ukraine. Okusalayo TEAMRUSSIA 🇷🇺 so who'll be at a loss here... At least they are creating opportunities for new businesses... Let's remember Huawei
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Singers Louis Tomlinson, Yungblud cancel Russia gigs amid Ukraine crisis - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.British singers Louis Tomlinson and Yungblud as well as the band Franz Ferdinand have cancelled upcoming performances in Russia in light of the Russia-Ukraine conflict, following in the footsteps of other music acts to do so. Ukraine Russia Loss 4 him not Russia And miss SA (supporter of apartheid) didn't stand up against the apartheid genocide on the Palestinians.
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Rouble hits new low in Moscow, rebounds outside Russia - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The rouble touched a fresh record low of 110 to the dollar in Moscow on Wednesday and crawled back under 100 in other trading platforms, though it remained under pressure as the country's financial system teetered under the weight of Western sanctions imposed over Moscow's invasion of Ukraine. manje manje renge rava gedye gedye neimwe yatoziva sooo
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IN BRIEF: Latest developments around Russia-Ukraine conflict - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Wednesday marks seven days of the ongoing conflict between Russia and Ukraine. Here are some developments that have taken place. GeurreenUkraine : « Ils n'ont jamais fait des blocs pour la guerre de l'Est de notre pays plis de 6 millions des morts . Un silence complice .Votre hypocrisie n'aura pas un autre nom que la sorcellerie » réaction de HonoreMvula1 à UEenRDC. America is used to bullying the world. Causing a lot of suffering of the ordinary citizens. Mugabe died rich but Zimbabweans are languishing in poverty because Rob is under sanctions. Afghanistan, Libya, Syria etc and they must stop interfering. Russia mst 🛑the war
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