Published on 28 Feb 2022 on Market Watch
The VanEck Russia ETF plunged 24.7% in premarket trading, putting them on track to open at the lowest price seen during regular-session hours since March 2009, at the depths of the financial crisis, after the Central Bank of Russia said the as tightening sanctions in the wake of Russia's invasion of Ukraine has led to . Among the U.S.-listed components seeing premarket activity, shares of search engine Yandex N.V. tumbled 21.3%, internet services company Veon Ltd. shed 15.8% and ecommerce portal Ozon Holdings PLC dropped 19.0%. The U.K.-listed shares of Rosneft Oil Co. plummeted 40.4%, after U.K. oil giant BP PLC it is selling off its 19.75% stake in the state-controlled Russian oil and gas company. The Russia ETF selloff comes as crude oil futures jumped 4.5% and futures for the S&P 500 fall 1.1%.