The Russian stock market closed higher on the last day of July. Yesterday, the market showed a steady rise although trade volumes were small. According to Kiril Tremasov, an analyst with the Bank of Moscow, in July the Russian stock market brought dramatic results. In the reported period, the RTS index dropped 9.2 percent, YUKOS plummeted 16.6 percent becoming the past month's worst performing stock. Norilsk Nickel, Gazprom and RAO UES had a positive trend unlike the rest of the market. Among the few other gainers were Tatneft (after June's collapse) and interregional telecommunications companies that have been sought after by strategic investors.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America