Analysis: No knockout, but new U.S. sanctions add to Russia’s ‘slow destruction’ By Reuters
By Marc Jones, Sujata Rao and Tom Arnold LONDON (Reuters) - For all the insouciance with which markets treated Washington's latest sanctions on Russia, its move to target Moscow's main funding avenue - the rouble bond market - has in some ways, crossed the Rubicon, potentially with far-reaching consequences. Drawing on experiences of sanctions imposed previously, including after the 2014 Ukraine crisis and the Mueller report on Russia's alleged U.S. election meddling, money managers haven't rushed to dump Russian assets en masse. The rouble, which fell as much as 2% at one point on...
Continue reading