Equity investors reel as US Treasury 'nukes' Deripaska

By Sam Kerr
09 Apr 2018

Equity investor sentiment on Russia has been upended in the space of a weekend after the shock release from the US Treasury on Friday imposing a fresh set of sanctions on Russia which has torpedoed the fortunes of aluminium producer EN+ and its owner Oleg Deripaska.

An emerging markets equity investor in London, who had been blasé about the new sanctions on Friday, said on Monday that sentiment had changed dramatically over the weekend, after the full impact became apparent.

“The Treasury can do whatever it wants," the investor complained. "There seems to be no ...

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