Russian equities surge as West mulls sanctions

|By:, SA News Editor

A check of Russian stocks after Crimea votes to secede from Ukraine, Russia mulls a timetable for possible annexation, and the West mulls sanctions, finds the Micex ahead by 2%.

The Globe and Mail's Mark MacKinnon reports - geography be damned - Crimea will switch to Moscow time (2 time zones over) on March 30. The Crimean government says the ruble is now the territory's 2nd official currency, with the Ukrainian hryvnia to be used in parallel until the end of 2015.

ETFs: RSX, ERUS, RUSL, RUSS, RSXJ, RBL, RUDR