RT / The US president’s decision to delay extending further economic sanctions against Moscow has pushed Russian stocks and currency higher. The new penalties were aimed at punishing Russia for its support of the Syrian government. The RTS dollar-traded index had gained nearly three percent by 08:00 GMT on Tuesday, while the ruble-denominated MOEX climbed almost two percent, led by shares in Sberbank and mining company Norilsk Nickel. The ruble gained slightly against the US dollar and the euro.
Read more List of Russian businessmen & companies added to US sanctions Russian stocks are currently reeling from last week’s plunge, when the ruble passed through its steepest slump since the middle of 2015. The currency slipped after the White House announced the toughest penalties against Moscow to date, targeting Russian businessmen and companies.
Donald Trump delayed revealing additional measures against the Kremlin and is unlikely to approve them without a new triggering event, according to a senior administration official, as quoted by Reuters.
On Sunday, US Ambassador to the UN Nikki Haley said that Washington was due to impose new economic sanctions on Russia over its support of Syrian President Bashar Assad over the alleged use of chemical weapons in the Arab republic.
“If President Trump intends to push back against imposing more sanctions on Russia, tension should ease,” Piotr Matys, an emerging-markets currency strategist at Rabobank told Bloomberg. “We are getting lots of confusing messages from Trump and his administration that will remain a source of volatility for the ruble.”
Aluminum hits highest price in 7 years with Russian supply at risk https://t.co/j1QgxzPgsv pic.twitter.com/NkV8jZaafq
— RT (@RT_com) April 16, 2018 Russia’s fundamentals still look attractive, according to BlackRock money manager Gerardo Rodriguez, as quoted by the agency. At the same time, the analyst was cautious, as it is difficult to predict which Russian individuals or corporations will be targeted next.
While Trump's tweets threatening missile strikes on Syria spook global markets, Russian stocks & the ruble rebound https://t.co/FdpyvwO6aM
— RT (@RT_com) April 12, 2018 “It’s not clear what the strategy of the US is when it comes to their relationship with Russia,” Rodriguez said.
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WASHINGTON (AP): Making a final push, United States President Donald Trump said he doesn’t think congressional Republicans are “that far off” on a health overhaul to replace “the dead carcass of Obamacare”. Expressing frustration, he complained about “the level of hostility” in government and wondered why both parties can’t work together on the Senate bill…
While reliving the horrors experienced by so many families after another spate of bizarre violence across the country last week, I couldn’t help but picture Tourism Minister Ed Bartlett’s rictus grin plastered on television screens while the elderly and even suckling babes were being gruesomely slaughtered inside their homes. While the rest of us were…
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