Example, Blackrock ETF "ERUS". They (Blackrock) cant trade (buy or sell) the underlying assets (Russian stocks) because US government put sanctions on Russia who in return banned foreign clients from selling. Blackrock non the less is "liquidating" the ETF.
Does this mean Blackrock is essentially forfeiting ownership? Does Blackrock contact MOEX ( Moscow Exchange) and say: "Hey, we dont want these stocks anymore, you can keep em"? Who becomes the new owners of these shares?
From my view it looks like Blackrock would be essentially donating these shares to MOEX who can then do with it as they please, example sell the shares domestically for free money. Is this correct?
