Will the Rolls-Royce share price bounceback in 2021?
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With a 12% fall in the
Rolls Royce (LSE: RR) share price in the past three weeks, this question comes up yet again. The Rolls-Royce share price has seen plenty of ups and downs in the past year (though it’s up almost 9.5% over 12 months) given the company’s heightened sensitivity related to all sorts of developments from vaccines to its own finances.
Why did the share price fall?
The Rolls-Royce share price fall coincided with the Norwegian government stopping the sale of its marine engines manufacturer,
Bergen Engines, to a Russian company.
Norway will prohibit the planned sale by Britain's Rolls-Royce of a Norwegian maritime engine maker to a Russian company on national security grounds, the Nordic country's justice minister told parliament on Tuesday.
Russia said on Friday that Norway had blocked the sale of a Norwegian maritime engine maker to a Russian company on a far-fetched pretext of national security, and accused Oslo of trying to curtail Moscow's commercial activities.
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