Market Views: How the great Russian divestment is disrupting asset allocation

Countries around the world have imposed a range of economic and other sanctions on Russia after its invasion of Ukraine on February 24, 2022. They are aimed at choking Russia’s access to foreign financing and reserves in the hope that it can bring about an end to the conflict. Several western countries have frozen the Russian central bank’s assets, restricting its ability to access $630 billion of its reserves. The EU has banned Russia from raising sovereign debt and stopped l…