Biden Slams Russian Stock Market Re-Opening

Biden Slams Russian Stock Market Re-Opening
An interior view shows the headquarters of Moscow Exchange in Moscow, Russia, on April 27, 2021. Maxim Shemetov/Reuters
Nicholas Dolinger
Updated:

The Biden administration responded on Thursday to Russia’s partial re-opening of the Moscow Exchange, criticizing President Vladimir Putin and alleging that the re-opening is an “unsustainable” and “artificial” charade.

In a statement released on Thursday morning, the White House condemned the partial re-opening of the Russian Moscow Exchange (MOEX) for the first time since the market closed on Feb. 25, on the second day of the nation’s ongoing invasion of Ukraine, calling this event a “Potemkin market opening.”