Moscow’s Stock Market to Remain Frozen for Third Week

Wall Street Journal ^ | 3/12/2022 | Julie Steinberg and William Mauldin

[marcusmaximus]

The Moscow Exchange said Saturday the country’s main stock market will stay closed next week, through March 18. The stock market hasn’t opened since Feb. 25, the day after the invasion and just before the West unveiled a punishing round of sanctions on Russia’s financial system.

The suspension delays what is likely to be a painful reckoning for investors in Russian stocks. While trading in Russia has been halted, shares of Russian companies listed in international markets such as London and New York have plunged.

[marcusmaximus]

Putin knows his entire stock market would be wiped out to zero when Russia defaults on their sovereign debt on March 16. Hasn't happened since the 1917 Bolshevik Revolution.

[SeekAndFind]

I wonder... if their stock market were to ever open, which company is value for money? You know, buy low, sell high.

[MinorityRepublican]

I thought Russia is not carrying any debt. I guess I’m mistaken.

[catnipman]

“which company is value for money?”

if by “money”, you mean roubles, which, after all, is what russian companies use to buy and sell stuff and pay dividends with, then i’d have to say “value” would be close to zero ...

every time you think about russian “money” just substitute the phrase “Nigerian naira” and see how THAT tastes on the tongue and whether you would “invest” in something denominated in “Nigerian naira” ...

[montag813]

That Russia has survived unprecedented sanctions, and found a surprisingly strong ally in China, is very worrisome for the WEF globalists.

[dfwgator]

I remember the term from Doctor Zhivago, Russians have a “cursed capacity for suffering.”