This post was originally published on this site
The ETF, which gives exposure to Russian companies like Sberbank and Gazprom (MCX:GAZP) that are now impossible to trade elsewhere, gained 46% to $24.1 by 0854 GMT after hitting a record low on Tuesday as investors pulled out of Russian assets.
Like other exchange-traded funds exposed to Russia, the iShares MSCI Russia ADR/GDR has temporarily suspended the creation of new shares given turbulent market conditions followed by Russia’s invasion of Ukraine and Western sanctions.
The Moscow exchange has been temporarily shut.
