Russian Stocks Take Worst Hit Since Crimea on Sanctions

Russian stocks had their biggest drop in four years and the ruble slumped the most in the world after the U.S. slapped new sanctions on Kremlin-connected billionaires and tensions with the U.S. spiraled following the latest chemical attack in Syria.The benchmark MOEX Russia Index sank 8.7 percent on Monday, the steepest slide since March 2014, when Moscow’s annexation of the Crimean peninsula triggered international penalties. The ruble and local bonds had their biggest drop since 2016 and the cost of insuring sovereign notes against default was set for the sharpest increase since December 2014.
 

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Serves them right. This is just the beginning. Putin deserves it, not the people of Russia.

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Russia and Putin may be on the verge of finding out exactly how far thuggery can take them in the 21st Century. Mafia state.

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