LUKFY - Ruble Sberbank Gazprom shares slide as U.S. weighs more sanctions vs. Russia
The Russian ruble weakens 0.4% against the U.S. dollar after U.S. officials are reportedly considering a broad set of sanctions against Russia in efforts to deter Vladimir Putin from invading the Ukraine. The actions would target individuals close to Putin and Russian energy producers and threatens to cut the country off from the SWIFT international payment system, CNN reports, citing people familiar with the U.S. discussions. Sberbank of Russia's (OTCPK:SBRCY) U.S.-listed ADRs slump 5.6%, VanEck Russia ETF (BATS:RSX) drops 2.6% in midday trading New York time; iShares MSCI Russia Capped ETF (NYSEARCA:ERUS) slides 3.1%. Russian energy company Gazprom (OTCPK:OGZPY) ADRs fall 2.5%. Other tickers to watch include: Rosneft Oil (OTCPK:RNFTF), Novatek (OTCPK:NOVKY), and Lukoil (OTCPK:LUKOY) (OTCPK:LUKFY). In April, Russia expelled 10 U.S. diplomats to retaliate on sanctions the U.S. had recently imposed. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to click here
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Ruble, Sberbank, Gazprom shares slide as U.S. weighs more sanctions vs. Russia