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Wall Street Is Quietly Trading For The Return Of Russia

Wall Street Is Quietly Trading For The Return Of Russia
Wall Street Is Quietly Trading For The Return Of Russia

By Tyler Durden

For holders of Russian equities, the past week has been nothing short of a surreal, modern-day version of Dante’s 10th circle of hell, where in the span of just a few days virtually all Russian stocks have seen their value wiped out as a result of a barrage of western sanctions that have disconnected Russian equities from global capital markets and money flows, nowhere more visibly than in the stock of Russian Novatek PJSC, Russia’s second-largest natural gas producer and the world’s seventh-largest publicly traded company by natural gas production volume, which collapsed from $215 on Feb 16, to 65 cents a few days later…

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