Source Pravda.Ru

Oil Stocks Continue Retreating

Trade on the Russian stock market is characterized by a confident drop in the majority of traded shares. RAO UES securities eased back by 2.83 percent, Mosenergo went down by 4.4 percent. The exception is Surgutneftegas with a 5.1 percent advance on the market.

Before the upcoming holidays investors have decided to fix profits, experts say.

Trade at the RTS is inert; almost two thirds of the trade volume is the deals with RAO UES and LUKoil shares. The RTS index decreased to 420 points, which is equal to the level registered on April 30.

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

US sanctions to kill Russian banks and sovereign debt?

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

Turkey desperately tries to rescue its national currency as it falls to all-time lows
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