U.S., EU ready new sanctions against Russia

|By:, SA News Editor

The U.S. and EU may place tougher sanctions on Russia as soon as today - aimed at the finance, defense and energy sectors of the country's economy.

The EU, which is highly dependent on Russia's energy supplies, has not yet gone as far as the U.S. in hitting Russia’s $2T economy.

Stock investors are pulling money out of Russia at an accelerating pace. Traders last week took out $12.3M alone from the Market Vectors Russia ETF (NYSEARCA:RSX).

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