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If Russia’s relationship with the free market world tanks they’re probably just going to nationalize the important companies.

Also if Russia fails as a state, what would happen to the outer provinces?

July 2021. Would be interesting what fraction was foreign owned when it shut down.
they can't sell them. last week they made a law/regulation that prohibits fulfilling sale orders by foreign owners
What does that mean?
Russia lost access to half a trillion in foreign assets but so did foreign owners of Russian assets.
The Reuters article speaks in terms of number of shares, not valuation. According to a Barrons article, "Foreign investors owned about $86 billion of Russian stocks at the end of last year, according to data from the Moscow Exchange." https://www.barrons.com/articles/russian-stocks-frozen-whats...

This is echoed by an FT article, which additionally says that bonds and other securities account for at least another USD $61 billion, rounding things up to USD $150 billion of total securities exposure: https://www.ft.com/content/ff0f0533-ca8f-4e7b-9cd8-28710dcee... The article seems to imply that's a conservative figure, but it's still a far cry from USD $1 trillion.

I am pretty sure it means if they open the exchange, it will be the most lopsided market of sell orders ever.

Doesn't seem to be any indication that the markets will open tomorrow.

Nickel market is completely dislocated now https://tradingeconomics.com/commodity/nickel

Who knows how that will reverberate.

This is from last year, it needs 2021 in the title