WORLD_ U.S. Sanctions Put Russia on Edge

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U.S. Sanctions Put Russia on Edge

Russian assets are hit hard by U.S. announcement, with the ruble dropping as much as 5%

By Anatoly Kurmanaev
Aug. 9, 2018 7:51 a.m. ET

MOSCOW—Russian officials and companies were bracing for further economic pain Thursday, as the U.S. decision to punish the Kremlin for an alleged nerve-agent attack in the U.K. diminished hopes of a bilateral thaw.

The ruble registered the steepest daily decline in almost two years, losing as much as 5% against the dollar since the State Department said Wednesday it would impose new sanctions on Russia later this month over the incident. Russian blue-chip stocks plunged as much as 9%, led by state banks and national airline...

READ MORE: https://www.wsj.com/articles/u-s-sanctions-put-russia-on-edge-1533815503

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