Russian Stock Indexes, the Ruble Tumble on US Sanctions

(From Reuters)

Russian stock indexes, the ruble and shares in several major Russian companies fell sharply on Monday as investors took fright after a new round of U.S. sanctions against Moscow.

The new sanctions, published on Friday, target President Vladimir Putin’s inner circle in one of Washington’s most aggressive responses to alleged Russian meddling in the 2016 U.S. election so far.

The ruble fell to a low of 59.82 RUBUTSTN=MCX against the dollar, its weakest level since November last year. The dollar-denominated RTS index .IRTS was down more than 11 percent, and the ruble-based MOEX Russian index .IMOEX fell by more than 9 percent, their lowest levels since September and November respectively.

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