from the pandemic to the greek debt crisis exchangetraded funds have operated like it was business as usual during some of the toughest times in markets but with russia’s war on ukraine the industry is finally facing an event an event it can’t trade through the announcement wednesday that a tiny tokyolisted product will halt trading next week means every russiafocused stock etf in the world is now suspended or will be soon that kind of shutdown is something events like the arab spring and even covid never managed to do