Biden aide blasts Moscow’s ‘Potemkin’ stock market reopening

A Biden administration official key to crafting sanctions on Russia blasted the Kremlin on Thursday as it partially reopened the Moscow stock exchange following a month’s hiatus. Daleep Singh, deputy national security adviser for international economics, called the move “a charade” and “a Potemkin market opening.” “After keeping its markets closed for nearly a month, […]

Russian companies listed on international exchanges are increasingly at risk of default

While the Moscow Exchange is set to reopen Thursday after a four-week shutdown, trading in Russian stocks listed on international exchanges remains on pause indefinitely — and the suspension is dramatically lifting the risk of default for these companies. Since stock exchanges worldwide halted trading of Russia-linked companies over the country’s invasion of Ukraine, the […]

Nestle to suspend many products in Russia, including KitKat

Nestle said Wednesday it will halt the sale of several nonessential products, including KitKat candy bars and Nesquik chocolate mix, in Russia in an unprecedented move amid pressure on the world’s top consumer goods company after criticism from Ukrainian President Volodymyr Zelenskyy. Nestle shares were down 1.3% Wednesday after hitting a session low shortly after […]