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Ruble, stocks fall as Novichok claim hits Russian economy

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The poisoning of Russian opposition leader Alexei Navalny prompts calls for new economic measures against Moscow.

Russia's economy was under pressure on Thursday, September 3, as calls mounted for new Western sanctions over Germany's revelation that opposition leader Alexei Navalny was poisoned with a Novichok nerve agent.

Moscow's RTS stock exchange also fell more than 3% after the German announcement, and by Thursday morning had not recovered its losses.after Germany said medical tests on the 44-year-old Kremlin critic had given"unequivocal evidence" that he had been afflicted by military-grade Novichok. New sanctions could drive up consumer prices in Russia, where living standards have already suffered a drop since 2014.Kommersant

 

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