RSX “has over $1.8 billion in assets and its largest holding is Gazprom PJSC, whose head Alexey Miller is among the sanctioned targets. None of the newly sanctioned companies are held by RSX, which includes Sberbank of Russia, which makes up 7.7 percent, and Lukoil PJSC at 7.3 percent,” according to Bloomberg.

Alternatives to RSX, also the most heavily traded Russia ETF, include the iShares MSCI Russia Capped ETF (NYSEArca: ERUS) and the VanEck Vectors Russia Small-Cap ETF (NYSEArca: RSXJ).

Aggressive, risk-tolerant traders can consider the Direxion Daily Russia Bull 3x Shares (NYSE: RUSL), which attempts to deliver triple the daily returns of the same index tracked by RSX. The Direxion Daily Russia Bear 3x Shares (NYSEArca: RUSS) looks to deliver triple the daily inverse returns of that index on a daily basis.

For more news on Russia ETFs, visit our Russia category.