Russian equities surge as West mulls sanctions


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

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Comments (1)
  • DougRk
    , contributor
    Comments (1899) | Send Message
     
    As predicted by many, Obama and the EU are incapable of standing up against any foe. There will be no meaningful sanctions, Russia will keep Crimea, Iran will get nukes, Israel will be abandoned, and on the beat goes.
    17 Mar 2014, 12:00 PM Reply Like
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