LONDON, March 8 — Russia’s rouble fell sharply in thin trading yesterday to a fresh record low, with local markets closed for trading until at least Wednesday.
The curbs on Russia, its lenders, corporates and key individuals, as well as counter measures from Moscow, have cut Russian assets increasingly out of global financial markets and have made it hard for investors to trade any securities. Stocks last traded on February 25 on Moscow’s bourse. ETF of Russian and Russia-exposed companies traded in the United States RSX was halted on Friday after dropping nearly 80 per cent year-to-date.
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