A Biden administration official key to crafting sanctions on Russia blasted the Kremlin on Thursday as it partially reopened the Moscow stock exchange following a month’s hiatus.
Daleep Singh, deputy national security adviser for international economics, called the move “a charade” and “a Potemkin market opening.”
“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,” Singh said in a statement released by the White House.
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