Investors seeking to offload Russian assets have a tough task
Al JazeeraSelling shares on the open market will not be an easy task on the back of sanctions that make Russia an economic pariah. Norway said it’s removing Russian assets from its $1.3 trillion wealth fund, while U.K. oil giant BP Plc is looking to offload its stake in Rosneft PJSC. But selling shares in the open market and finding buyers for these investments won’t be easy, given a dramatic increase in sanctions that have turned Russia into a political and economic pariah. Russia’s ban on foreigners selling Russian securities via domestic banks rules them out as underwriters, while sanctions and compliance issues preclude western institutions from stepping in. And the crippling international sanctions are making Russian assets financially unattractive, even at steep discounts, meaning that Chinese investors may not want to risk the political headache either.
History of this topic
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World's largest wealth fund gets nod to start selling Russian stocks blocked after 2022 Ukraine invasion
Firstpost
Putin moves to seize assets of ‘naughty’ Western companies fleeing Russia
The Telegraph
US turns to new ways to punish Russian oligarchs for the war
Associated Press
China’s Russia dealings irk US, but don’t breach sanctions
Associated Press
China's Russia dealings irk US, but don't breach sanctions
The Independent
Russia moves to halt stock market selloff as trading resumes
Al Jazeera
Premarket stocks: The West is going to hit Russia with more sanctions
CNN
Sanction shockwaves: Russian oligarchs and elites scramble to move, sell assets to get ahead of international penalties
CNN
Putin bans asset sales by foreign investors in bid to shore up Russian economy
The Telegraph
As Russia’s isolation grows, China hints at limits of friendship
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