RUSL - Russian stocks and ETFs sink in response to sanctions

Russian stocks and ETFs continued to sell off on Wednesday as the United States and its European allies have imposed sanctions on the country after Vladimir Putin dispatched Russian troops to act as "peacekeepers" in eastern Ukraine's Donetsk and Luhansk regions. In a direct reaction to the sanctions executed by the U.S. and its allies, Russian related stocks and ETFs have tumbled. This added to a retreat that has marked the last several days, as tensions in Ukraine have escalated. As an example, state-owned bank Sberbank of Russia (OTCPK:SBRCY) is -14% during Wednesday's intraday action. The slide represented the fifth consecutive day of declines, including a plunge of 21% the day before. Shares have lost about 40% of their value since the close on Feb. 15. Looking at Wednesday's action in some other big-name U.S.-listed Russian companies: Yandex N.V. (NASDAQ:YNDX) -8.6%, Gazprom (OTCPK:OGZPY) -7.2%,PAO NOVATEK (OTCPK:NOVKY) -6.2%, and PJSC LUKOIL (OTCPK:LUKOY) -6%. Given the broad-based slide, ETFs tied to Russia

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Russian stocks and ETFs sink in response to sanctions