Russian Markets Shrug Off New Sanctions
The ruble and stock market have recovered, but risks remain. April 16, 2021 The U.S. hit Russia on Thursday with the broadest range of sanctions in three years. Jeffrey Zeldman / Flickr (CC BY-NC-ND 2.0)
Russian financial markets have shrugged off the latest round of sanctions announced by the U.S. on Thursday, with the Russian ruble and stock markets bouncing back strongly in Friday trading.
The ruble which saw trading volumes five times higher than usual ahead of the sanctions announcement recovered two days of losses to stand at 75.8 against the dollar during trading in Moscow.