The benchmark MICEX index lost as much as 10% at one point on Monday
Russian markets are getting slammed on Monday, with the country’s RTS Index losing more than 11% by 4.2o p.m. BST (11.20 a.m. ET; 6.20 p.m. in Moscow).
“The US sanctions imposed on Russia last Friday have caused turmoil in Russia’s markets today and financial conditions have tightened as a result. But at this stage it doesn’t look like there will be a significant impact on growth in the economy as a whole,” William Jackson, a senior emerging markets economist at Capital Economics said. …read more
Source: Pulse Nigeria
