Tag: Sberbank

  • Russian Stocks are Worthless with Ukraine Sanctions

    Russian Stocks are Worthless with Ukraine Sanctions

    Russian stocks are nearly worthless. Companies once worth up to $100 billion are now penny stocks.  Traders are dumping shares in response to tough sanctions around the world.  In fact, Russia’s biggest bank, Sberbank just watched its shares fall more than 99% over the last few weeks. “The bank, which recorded assets of more than…