RSX - Four Reasons To Sell RSX
Simultaneously, a number of factors point to a likely drop in the price of VanEck Vectors Russia ETF (RSX) (a fund offers exposure to equities from Russian) in the near term.
1. New sanctions
On February 27, a bill on new American sanctions against Russia ((DASKA)), was published. As it enjoys the support of Republicans and Democrats, the chances for its adoption are great.
Among the key items of the sanctions there is a ban on deals with Russia’s new government bonds and restrictions on participation in projects of Russian energy