The Biden administration responded on Thursday to Russia’s partial re-opening of the Moscow Exchange, criticizing President Vladimir Putin and alleging that the re-opening is an “unsustainable” and “artificial” charade. In a statement released on Thursday morning, the White House condemned the partial re-opening of the Russian Moscow Exchange (MOEX) for the first time since the market closed on Feb. 25, on the second day of the nation’s ongoing invasion of Ukraine, calling this event a “Potemkin market opening.”
“This is not a real market and not a sustainable model—which only underscores Russia’s isolation from the global financial system,” said the Biden administration. “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.” Out of the fifty stocks normally traded on the exchange, thirty-three were made available on Thursday, with significant …
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