Tuesday, April 10, 2018

Russian Markets Still Under Pressure From U.S. Sanctions



Nasdaq: Battered by U.S. sanctions, Russian markets stay under pressure

MOSCOW, April 10 (Reuters) - The rouble touched its weakest since late 2016 before recovering a small part of recent losses as a sell-off of Russian assets, triggered by more U.S. sanctions, extended into Tuesday with the reaction from local authorities still muted.

The United States on Friday imposed sanctions against 17 senior government officials plus seven oligarchs and 12 companies they own or control, sparking an investor exodus.

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WNU Editor: The markets will bounce back.

More News On Sanctions And Its Impact On The Russian Economy

Putin, Medvedev discuss current economic situation — Kremlin -- TASS
Russian Central Bank Governor: U.S. Sanctions Cause Market Drop -- US News and World Report/Reuters
Ruble plunges for 2nd day following US sanctions -- ABC News/AP
Ruble Falls Further, Russian Officials Seek To Calm Nerves -- RFE
Russia vows to curb U.S. sanctions fallout, shrugs off steep rouble fall -- Reuters
Putin Pays Price for Sanctions as Government Bond Sales Scrapped -- Bloomberg
Russian stocks to rebound as panic over US sanctions simmers down – analysts -- RT
Russia: 'Market slump won't last long' -- DW

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