Russia Stock Market Crash Intensifies—BlackRock Warns Investors Of

Though the Moscow Stock Exchange was closed for a second-straight day, the Russian stock market was battered by steep declines again on Tuesday as shares and funds trading internationally plummeted in value, prompting $10 trillion asset manager BlackRock to caution investors about buying into the funds while the volatility lingers. The economic fallout since Russian President Vladimir Putin ordered an invasion of Ukraine early Thursday has piled on this week amid a growing list of sanctions targeting the Russian government, businesses and oligarchs. The nation’s ruble sank to an all-time low of nearly 118 against the U. S. dollar in offshore trading on Monday but has since pared losses to about 104 rubles per dollar. Additionally, oil giants British Petroleum and Shell, and the world's largest sovereign wealth fund, have all announced they will abandon Russian investments after the country’s unprovoked attack on Ukraine. Meanwhile, experts have warned the crisis has made the nation "increasingly uninvestable for global investors."On Monday, Harry Whitton, head of ETF sales trading at Old Mission Capital, told CNBC that when Greece closed its markets during six weeks of economic turmoil in 2015, stocks reopened at nearly the same value as the ETFs in the U. S. Russia Stocks Crash Even With Moscow Exchange Closed—Experts Call Market 'Uninvestable' (Forbes)Live: Russian Military Convoy Nears Kyiv As Ukraine Condemns 'Barbaric Missile Strikes' In Kharkiv (Forbes)U. S. And Allies To Remove Some Russian Banks From SWIFT, Sanction Central Bank (Forbes)Shell Joins BP—Abandons $3 Billion Russia Investments After ‘Senseless’ Ukraine Invasion (Forbes)

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