The VanEck Russia ETF fell 25% in premarket trading Monday as the conflict in Ukraine continues.
The Russian stock market remains closed and has yet to announce what its operating hours Tuesday will be.fell 25% in premarket trading Monday as the conflict in Ukraine generated new U.S. sanctions against Russia.that would effectively prohibit Americans from doing business with the bank and freezes assets within the U.S., which includes the largest and most liquid companies in Russia.
The sharp decline follows two rocky trading sessions in which the fund's shares struggled to rebound fromlower in early trading Monday. The Russian stock market remains closed and has yet to announce what its operating hours Tuesday will be. Ukraine's armed forces have continued to hold off Russian troops and retain control of key cities. On Monday, officials from Russia and Ukraine gathered at the Belarusian border