MARKET-Moscow Stock Exchange breaks new US sanctions

Frankfurt, Apr. 9 (Reuters) - Investors in Moscow have fled Russia's flock of Russian stocks and the ruble after new sanctions on Russia were imposed. The index for the dollar-denominated IRTS fell almost 12 percent on Monday. The ruble depreciated by nearly three percent against the dollar. One dollar at 59 rubles did not cost more than since November last year. On Friday afternoon, the United States imposed sanctions on Russia for interference in the 2016 US presidential campaign.
A weak ruble strengthens the competitiveness of Russian wheat exporters.
News / Graphic: SaxoTrader