US slams Russia's plans to partially reopen stock market
The United States is slamming Russia's plans to reopen its stock market for limited trading on Thursday for the first time in a month since Russian forces invaded Ukraine.
"What we’re seeing is a charade: a Potemkin market opening," White House deputy national security adviser Daleep Singh said in a statement early Thursday. "After keeping its markets closed for nearly a month, Russia announced it will only allow 15% of listed shares to trade, foreigners are prohibited from selling their shares, and short selling in general has been banned. Meanwhile, Russia has made clear they are going to pour government resources into artificially propping up the shares of companies that are trading."

"This is not a real market and not a sustainable model—which only underscores Russia’s isolation from the global financial system," he added. "The United States and our allies and partners will continue taking action to further isolate Russia from the international economic order as long it continues its brutal war against Ukraine."
Shares plunged and the Moscow Exchange was shut down following Russia's invasion of Ukraine on Feb. 24. The heavy restrictions on trading as the exchange opens Thursday morning aim to prevent the kind of massive selloff that took place last moth in anticipation of crushing financial and economic sanctions from Western nations, according to The Associated Press.
-ABC News' Molly Nagle






