CNN: US Sanctions on Russia Begin to Bite
(MENAFN- Qatar News Agency) Russian markets took another knock as sanctions imposed by the US over the annexation of Crimea began to hit oligarchs and their businesses.
Moscow's MICEX index fell more than 2% taking its losses for the year to 14%, the (CNN) reported.
The ruble was steady, after dipping early in the day, but has still lost about 10% since the start of the yea
President Obama warned Moscow the US would target key sectors of the economy if Russia escalates the crisis in Ukrain
Russian leaders earlier this week laughed off Western sanctions, which remain largely focused on disrupting the travel plans and freezing the personal assets of about 40 officials, some from Ukrain
Europe will add a dozen more names to its list of sanction targets Friday, a source told (CNN), but won't include companies, reflecting divisions among the European Union's 28 members and fears about the impact of a trade war on the region's fragile economic recover
Europe has much more to lose than the US in terms of trade, investment and financial exposure to Russia if economic sanctions are imposed
Moscow's MICEX index fell more than 2% taking its losses for the year to 14%, the (CNN) reported.
The ruble was steady, after dipping early in the day, but has still lost about 10% since the start of the yea
President Obama warned Moscow the US would target key sectors of the economy if Russia escalates the crisis in Ukrain
Russian leaders earlier this week laughed off Western sanctions, which remain largely focused on disrupting the travel plans and freezing the personal assets of about 40 officials, some from Ukrain
Europe will add a dozen more names to its list of sanction targets Friday, a source told (CNN), but won't include companies, reflecting divisions among the European Union's 28 members and fears about the impact of a trade war on the region's fragile economic recover
Europe has much more to lose than the US in terms of trade, investment and financial exposure to Russia if economic sanctions are imposed
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