Russian shares slid on Monday to a two-month low as Moscow came under fierce international pressure over the downing of Malaysia Airlines flight MH17 and European governments threatened to follow the United States in widening economic sanctions.
Monday’s losses extended a near 8 percent slump last week provoked by Washington’s imposition of sanctions on large Russian domestic companies, including oil major Rosneft which again fell sharply on Monday.
“There’s no doubt that investors are uneasy – there are a lot of questions out there,” said Gazprombank strategist Erik DePoy. “It is an emotional time… the [airliner crash] has exacerbated tensions already there.”
Russian …read more
Source: Voice of America
