Nothing is quite as it seems: The illusion of Russia’s Potemkin markets - Sydney Morning Herald

The Russian stockmarket has reopened for share trading but it’s not the trading that resembles anything an investor in London, New York, Sydney or Melbourne would recognise.

Shares in Russias big energy companies like Gazprom, Rosneft and Lukoil were down more than 90 per cent and Russias biggest lender, Sberbank saw about 99 per cent of its value wiped out in trading in… [+4614 chars]

full article...