Russian Stock Market to Partially Reopen

“Russia’s stock market is set to have a partial reopening Thursday, nearly a month after it shut down following the invasion of Ukraine,” the Wall Street Journal reports.

“The challenge for Moscow is that the resumption of trading could simply send Russian stocks back into free fall.”

“To limit the fallout, Moscow has turned to some heavy-handed policies. It blocked foreign investors from dumping local stocks—a move that some market participants saw as retaliation for a Western freeze on Russian central bank assets since a big chunk of the Russian market is owned by foreigners. The Russian government ordered its sovereign-wealth fund to buy billions of dollars worth of shares.”