Russia seeks to pause investor stampede as sanctions hammer economy

Russia seeks to place temporary restrictions on foreigners seeking to exit Russia assets, as it tried to stem an investor retreat driven by crippling Western sanctions imposed over Ukraine invasion

Russia said on Tuesday it was placing temporary restrictions on foreigners seeking to exit Russia assets, as it tried to stem an investor retreat driven by crippling Western sanctions imposed over the invasion of Ukraine.
 

Russian assets went into freefall on Tuesday with London-listed ishares MSCI Russia ETF plunging 33% to hit a fresh record low and Russia's biggest lender, Sberbank falling to 21 cents on the dollar from just under $9 before the invasion. Major money managers, including hedge fund Man Group and British asset manager abrdn, have been cutting their positions in Russia even as the rouble slumped