##  [# iShares’ Russia Fund Closed To Trading](/sections/daily-etf-watch/ishares-russia-fund-closed-trading) 

 

# iShares’ Russia Fund Closed To Trading

 

 

The NYSE halted trading for the fund for a number of reasons.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Mar 04, 2022

 Edited by: Heather Bell

 

 

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Friday at 4 a.m., the NYSE Arca brought trading of the [**iShares MSCI Russia ETF (ERUS)**](https://www.etf.com/erus) to a halt. The reasons cited were its exposure to the Russian market, MSCI’s removal of Russian stocks from its indexes and the closure of Russia’s stock market, according to a press release.

iShares had already halted creations for the fund as of March 1.

The $124 million [**VanEck Russia ETF (RSX)**](https://www.etf.com/rsx) continues to trade; however, while ERUS holds Russian stocks, RSX mainly holds depositary receipts, which are not currently restricted from trading.

The [**Direxion Daily Russia Bull 2X Shares (RUSL)**](https://www.etf.com/rusl) is set to close as announced by its issuer on Monday evening. Its last day of trading will be March 11.

Both ERUS and RSX were much larger funds just a month ago. The former closed out January with more than $500 million in assets under management. It had less than $13 million in assets under management just days before its shutdown. Meanwhile, RSX had nearly $1.3 billion at the end of January and RUSL had roughly $56 million. The fall of all three funds has been brutally sharp due to Russia’s recent invasion of Ukraine.

*Contact Heather Bell at* [*heather.bell@etf.com*](mailto:heather.bell@etf.com)

\#BBD0E0 »



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


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 [Equity](http://www.etf.com/topics/equity) 

 [Russia](http://www.etf.com/topics/russia)