Russians trade on it. Maybe they do have an overly rosy view of the company's fortunes, I dunno -- I don't know much about their business, how sensitive it is to the conflict and sanctions.

The stock price movement is easier to reason about, I guess. By that metric they've had a worse year than Salesforce, Netflix, Uber, Google. I'd agree that the conflict isn't good for them, but "worthless" is a bit strong for my palate.

The ban on selling shares by foreigners is probably still in place. So the price might be somewhat overestimated.