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New Sanctions Hit Russian Stock Market
Censor.NET reports, citing Guardian Business Live.
Russia CDS trades at 220 (yesterday 184).
The Russian ruble has weakening this morning, losing 0.75% against the US dollar in early trading. One dollar is now worth 34.86 rubles, compared to 34.64 rubles last night.
Read also: US Introduces New Sanctions Against Russia including its Largest Companies
The shares of the following companies and bank are worst hit: Sberbank -3,77% Lukoil -2,15% Rosneft -5,4% Novatek -6% Uralkali -3,41% Surgut -1,88%.
Russian government bonds are weakening this morning; another sign that the latest sanctions from the US may bite.
