By Steve Dellar   |  04-11-2018   News
Photo credit: Dreamstime

The newly imposed sanctions by the US (which will likely be followed by the European Union) and the rising tension over Syria (see our related coverage) have resulted in a bloodbath both for the Russian ruble (which has lost 11% versus the dollar in the past three days) and the Russian stock markets (which had already lost some 18% in the past two days).

Related coverage: http://thegoldwater.com/news/22868-Breaking-Trump-On-Kremlin-Missile-Threat-Get-Ready-Russia

NN Investments Chief Investment Officer Mr Valentijn van Niewenhuijzen admitted that most European financial investment firms will be lowering their exposure to Russian stocks in the coming days: “We are more neutral today (in terms of risk asset allocation) than we have been at any time over the last two years.”

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Russia?src=hash&amp;ref_src=twsrc%5Etfw">#Russia</a>&#39;s richest lose $16bn in &#39;Black Monday&#39; stock market bloodbath <a href="https://t.co/mRwNfprUSg">https://t.co/mRwNfprUSg</a></p>&mdash; RT (@RT_com) <a href="https://twitter.com/RT_com/status/983853383856599041?ref_src=twsrc%5Etfw">April 10, 2018</a></blockquote>

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“For now we are mainly focusing on lowering exposure in Russia and having a more cautious stance from a tactical perspective overall on asset allocation.”

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Bloodbath on the Russian market as US sanctions hit home - Deripaska warns of credit default as investors wipe out 50% of his company&#39;s value, while rouble and other stocks plunge <a href="https://t.co/y1UUTpxgs9">https://t.co/y1UUTpxgs9</a> via <a href="https://twitter.com/FinancialTimes?ref_src=twsrc%5Etfw">@financialtimes</a></p>&mdash; Henry Foy (@HenryJFoy) <a href="https://twitter.com/HenryJFoy/status/983331401599680512?ref_src=twsrc%5Etfw">April 9, 2018</a></blockquote>

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For now, the Ruble has hit its lowest level since 2014 which is likely to inflict pain on regular Russians who see the price of all imported goods go up to unsustainable levels again.

Related coverage: http://thegoldwater.com/news/22857-Syria-Russia-Sounds-Alarm-Bell-As-US-France-And-UK-Consider-Strikes-Video

Whereas when this happened a few years ago Russian President Vladimir Putin was able to point out to the regained area of Crimea, this time there seems to be no prize to be had with most ordinary Russians not valuing the efforts their country makes to be Syria’s ally through thick and thin.

Source:

https://twitter.com/economy2018/status/984080572199845889

Twitter: #SDLive #Khloe #Wednesdaywisdom #USA #news #QAnon
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