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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.

Mar 3, 2014

Analysis – 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.

Feb 28, 2014

Russian stocks shaken by Crimea confusion, rouble hits new lows

MOSCOW, Feb 28 (Reuters) – Russian stock indexes went on a
rollercoaster ride on Friday, first plunging then rising then
edging back down, amid conflicting reports about troop movements
in Crimea in neighbouring Ukraine.

The indexes had fallen by up to 1.2 percent on Friday
morning after Ukraine’s interior minister accused Russia of
armed invasion and occupation, saying that armed men who had
seized two airports in the Crimea region were Russian troops
from the Sevastopol naval base.

Feb 27, 2014

Russian stocks plunge a second day, rouble falls on Ukraine tensions

MOSCOW, Feb 27 (Reuters) – Russian stocks plunged for a
second day and the rouble sank to a five-year low against the
dollar on Thursday, as investors took fright at unrest in
Ukraine’s Crimea region and sabre-rattling by neighbouring
Russia.

The dollar-denominated RTS index briefly shed more
than 3 percent on the day, after Russian media reported that
ousted President Viktor Yanukovich, wanted in Ukraine for mass
murder, had been offered sanctuary in Russia.

Feb 19, 2014

Shock investment slump and no Sochi surge deepens Russia’s economic woes

MOSCOW, Feb 19 (Reuters) – A dramatic slump in capital
investment by Russian companies in January pointed on Wednesday
to Russia’s ailing economy continuing to deteriorate fast.

There was no sign in data of a boost from preparations for
the Sochi Olympics as investment fell by 7 percent compared with
a year earlier, a huge undershoot compared with analysts’
forecasts in a Reuters poll of a 0.5 percent rise.

Feb 18, 2014

Russian central bank trims medium-term outlook, warns on rouble

MOSCOW, Feb 18 (Reuters) – Russia’s central bank said on
Tuesday the country’s output may grow by 1.7 to 2.0 percent in
2015-16, an outlook that underscores the weak state of the
economy.

The forecast, in a quarterly monetary policy report, implies
a downward revision compared with its earlier predictions. The
bank said in the previous quarterly report that it saw Russia’s
medium-term growth potential as 2-2.5 percent.

Jan 31, 2014

Russian central bank unlikely to raise rates to defend rouble

MOSCOW, Jan 31 (Reuters) – Russia’s central bank is unlikely
to follow other emerging markets and raise interest rates to put
a floor under its sliding currency – at least not for now,
analysts say.

But they warn that if the rouble’s depreciation goes on,
leading either to a panic among ordinary people or to much
higher inflation, the policy calculus could yet change.