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Investors selling Russian assets face few options, steep losses

Investors seeking to offload holdings in Russian assets will find that the actual unwinding will be a complex and potentially expensive endeavor.
People walk past a currency exchange office in central Moscow on February 28, 2022. - The Russian ruble collapsed against the dollar and the euro on the Moscow Stock Exchange on February 28 as the West punished Moscow with harsh new sanctions over the Kremlin's invasion of Ukraine. The ruble fell sharply at the start of currency trading, reaching 100.96 to the dollar, compared to 83.5 on Wednesday, the day before the invasion of Ukraine, and 113.52 to the euro, compared to 93.5 before the assault. (Photo by Alexander NEMENOV / AFP) | Photo: ALEXANDER NEMENOV/AFP / AFP
People walk past a currency exchange office in central Moscow on February 28, 2022. - The Russian ruble collapsed against the dollar and the euro on the Moscow Stock Exchange on February 28 as the West punished Moscow with harsh new sanctions over the Kremlin's invasion of Ukraine. The ruble fell sharply at the start of currency trading, reaching 100.96 to the dollar, compared to 83.5 on Wednesday, the day before the invasion of Ukraine, and 113.52 to the euro, compared to 93.5 before the assault. (Photo by Alexander NEMENOV / AFP) | Photo: ALEXANDER NEMENOV/AFP / AFP
By Kat Van Hoof, Swetha Gopinath and Filipe Pacheco / BLOOMBERG

A growing number of institutions are rethinking their portfolios in the wake of Russia’s invasion of Ukraine. Norway said it’s removing Russian assets from its USD 1.3trn wealth fund, while U.K. oil giant BP is looking to offload its stake in Rosneft PJSC.

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