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Mar 18, 2014

Russian stocks rise on sanctions relief, rouble falls back

March 18 (Reuters) – Russian stocks rose on Tuesday,
buoyed by relief that the West has not imposed stiff economic
sanctions against Russia over Crimea and by firmer global
markets.

At 0745 GMT, the rouble-denominated MICEX index was
up 0.8 percent to 1,293 points. The dollar-denominated RTS
, weighed down by a weaker rouble, had risen 0.2 percent
to 1,116 points. The rouble fell after overperfoming on Monday.

Mar 17, 2014

Russian assets rally on view Western sanctions to be limited

MOSCOW (Reuters) – Russian shares and the ruble rebounded on Monday on the view that Western sanctions over Crimea would be limited to individuals rather than including trade or financial measures that would inflict significant economic damage.

The region voted in favor of joining Russia on Sunday in a referendum deemed illegal by the West. The European Union has limited sanctions to 21 Russian and Ukrainian officials so far and the U.S. to 11 officials, although more names may follow.

Mar 15, 2014

Ukraine crisis triggers Russia’s biggest anti-Putin protest in two years

MOSCOW (Reuters) – Russia saw the largest opposition protest in almost two years in Moscow on Saturday, as Muscovites took to the streets in their thousands to demonstrate both for and against President Vladimir Putin’s policies in Ukraine.

Crimeans vote on Sunday on whether to reunite with Russia after pro-Russian forces took control of the peninsula, triggering the worst East-West confrontation since the Cold War.

Mar 15, 2014

Muscovites march for and against Putin’s Crimean policies

MOSCOW (Reuters) – Russians took to the streets of Moscow in their thousands on Saturday to demonstrate for and against President Vladimir Putin’s policies in Ukraine.

Crimeans vote on Sunday on whether to reunite with Russia after pro-Russian forces took control of the peninsula, triggering the worst East-West confrontation since the Cold War.

Mar 14, 2014

Russian stocks slump on sanctions threat over Ukraine

MOSCOW, March 14 (Reuters) – Russian stock indexes hit their
lowest levels since 2009 on Friday before clawing back some
ground, two days before a referendum in Crimea that is expected
to provoke western sanctions against Russia.

The rouble was also down despite a central bank decision to
keep an emergency rise in interest rates in place for the coming
months, with sentiment hurt by reports of lists detailing from a
handful to dozens of senior officials affected by sanctions.

Mar 7, 2014

Bank of Russia says preventing bankruptcy of Ukraine bank’s Moscow unit

MOSCOW (Reuters) – Russia’s central bank is taking steps to prevent the bankruptcy of the Moscow subsidiary of Ukraine’s Privatbank, the Bank of Russia said on Friday, after Privatbank accused it of putting Moskomprivatbank under administration for political reasons.

The central bank said it was taking the measures under a law on banking system stability which enables the state-run Deposit Insurance Agency to provide financial assistance to banks, acquire their property and liabilities, acquire shares, and sell collateral.

Mar 5, 2014

Russian stocks fall back as Ukraine weighs, rouble buoyed by cbank comments

MOSCOW, March 5 (Reuters) – Russian shares retreated on
Wednesday, halting the previous day’s rebound, as diplomatic
efforts to ease the crisis in Ukraine showed little sign of
providing a breakthrough.

The rouble nevertheless strengthened after the central bank
said it regarded the currency as undervalued.

Mar 4, 2014

Russian stocks, rouble rebound as Putin breaks silence on Ukraine

MOSCOW (Reuters) – Russian assets rebounded on Tuesday as President Vladimir Putin said he would only use force in neighbouring Ukraine as a last resort.

The mood on the markets was calmer after panic selling on Monday when escalating tensions between Ukraine and Russia sent Moscow’s main stock indexes plummeting and forced the central bank to unexpectedly raise interest rates – by a hefty 150 basis points – and burn its way through as much as $12 billion (7 billion pounds) of reserves to prop up the rouble.

Mar 4, 2014

Russian stocks, rouble rebound on hopes of easing tension in Ukraine

MOSCOW, March 4 (Reuters) – Russian shares picked up on
Tuesday as investors held out hope for an easing of the crisis
in Ukraine after Moscow ordered troops on exercise in western
Russia back to base.

The mood was noticeably calmer after panic selling on Monday
when escalating tensions between Ukraine and Russia had
triggered double-digit losses in Moscow’s main stock indexes and
forced the central bank to unexpectedly raise interest rates -
by a hefty 150 basis points – and burn its way through as much
as $12 billion of reserves to prop up the rouble.

Mar 3, 2014

Ukraine financial fall-out exposes Russia’s economic weakness

MOSCOW (Reuters) – President Vladimir Putin’s decision to raise the stakes in Ukraine could cause lasting damage to Russia’s own economy.

While attention initially focused on Russia’s direct economic and business interests in Ukraine, it is now shifting towards the broader question of Russia’s economic ties with the West and how disrupting them threatens to derail a struggling economy that is already near stagnation.