The ruble has experienced its biggest one-day fall for over two years and stocks in major Russian companies also slid, as investors reacted to a new round of US sanctions targeting some of Russia’s biggest tycoons.The fresh US sanctions announced on Friday, targeting officials and businesspeople around President Vladimir Putin, sent Moscow-traded stocks down to their lowest level since March 2014, at the height of the Crimea conflict. The country’s currency plunged 3.39 percent, to its lowest level since November last year — the biggest percentage fall in a single day since January 2016.
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Source: Daily News Egypt
