It looks like a downhill race as the Russian exchange rate continues to record a new record. low on Wednesday morning. The VanEck Vectors Russia ETF (EPU:RSX) one is below 14.7% to premarket after closing -23.8% on Tuesdays and -30.4% on Monday.
RSX hit 6.58 per share, its lowest price point. Outside of RSX, Direxion Daily Russia Bull 2X Shares (NYSEARCA:RUSL) has touched on a low history as a leveraged ETF -25.3% today, it traded at 2.80 a share.
Also, the iShares MSCI Russia ETF (NYSEARCA:ERUS) finds himself down to another 9.25% today, and the Franklin FTSE Russia ETF (NYSEARCA:FLRU) is it -15.4% this morning. ERUS and FLRU are experiencing new trading lows at all times.
The VanEck Vectors Russia Small-Cap ETF (EPU:RSXJ) is at 17.94 today, down 9.1% in the premarket market, and it’s the only ETF that hasn’t touched a record low.
Russia -based ETFs continue to fall despite increased military activity, and Ukrainian President Volodymyr Zelenskyy said the Russian power intends to “wipe out our history, wipe out our country, wipe us all out.”
The invasion of Ukraine by Vladimir Putin and Russia has sent ETFs to a tailspin. Since the start of the invasion in Feb. The 24 RSX -56.5%Of RSXJ -29.5%RUSL -71.3%ERUS -59.2%and it is FLRU -38.8%.
With the controversy and sanctions imposed on Russia, he cut Russian assets and ETFs. On Tuesday evening, President Biden said in his first speech to the state of the Union that Vladimir Putin would have to “pay the price” for Russia’s invasion of Ukraine and that the The United States is replacing its aircraft with Russian aircraft.