You are here: Home » International » News » Economy
Business Standard

Rouble and Russia markets ravaged by US sanctions, govt pledges action

As oil prices headed higher, Russian assets rebounded but remained more volatile than usual

Reuters  |  Moscow 

The rouble touched its weakest since late 2016 before recovering a small part of recent losses as a sell-off of Russian assets, triggered by more US sanctions, extended into Tuesday with the reaction from local authorities still muted. The United States on Friday imposed sanctions against 17 senior government officials plus seven oligarchs and 12 companies they own or control, sparking an investor exodus. Designed to punish Moscow for its alleged meddling in the 2016 US presidential election and other "malign activity," their spread far beyond the targeted ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, April 10 2018. 22:45 IST