As Britain and Europe struggle to come to terms with the British vote in favor of leaving the European Union, financial markets are roiling across the globe, including in Russia.
Even before the vote for a British EU exit, the head of Russia’s largest bank, Sberbank, warned that the country’s economic recovery would be at risk and stocks would plunge by as much as 10 percent.
Russia’s markets and currency, the ruble, took an initial hit as a result of investor uncertainty and a dip in the price of oil.
Still, a market rally and assurances by Russian officials have led most analysts …read more
Source: Voice of America
