Cancelling banknotes before destruction by the Russian Central Bank © Iliya Pitalev / Sputnik
Pravda: Russian stock market, national currency collapse because of US sanctions
The index of the Moscow Exchange (formerly known as MICEX) has lost nine percent, the RTS index has fallen by more then ten percent. The decline was the largest for the companies, the top manager of which were affected by the recent sanctions that the US Treasury announced on Friday, April 6. The sanctions also affected metallurgical companies and participants of the financial market.
On Monday, April 9, the Moscow Exchange (former MICEX) index dropped 9%, the RTS index - 10.7%.
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WNU Editor: In Moscow they are calling today "Black Monday" .... US sanctions provoke ‘black Monday’ on Russian stock market (TASS).
More News On US Sanctions "Hitting" The Russian Stock Market And Currency
US sanctions take bite out of Russian stocks & ruble -- RT
Russia's ruble, Rusal, Sberbank take hits as US sanctions bite -- Reuters
US Sanctions Cause Richest Russians to Lose $12 Billion in a Day -- Newsweek
Russian markets hit by US sanctions and Syria -- Financial Times
Russia sanctions: Shares in Deripaska-controlled firms crash -- BBC
Dollar surges above 60-ruble mark for first time since November 2017 -- TASS
Russia’s PM tasks Cabinet to support companies vulnerable to new US sanctions -- TASS
Russian PM orders govt to draw up response to U.S. sanctions: Ifax -- Business Insider/Reuters
Russia to support companies hit by US sanctions -- ABC News/AP
'Russia in the doldrums?': new U.S. sanctions to weigh on recovery -- Reuters
Russia Reserves Right to Respond to New US Sanctions - Prime Minister -- Sputnik