Russia's central bank shuts country's stock market for 2nd day as analysts warn it is 'uninvestable'

  • 📰 News24
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Russia's central bank shuts country's stock market for 2nd day as analysts warn it is 'uninvestable' | BISouthAfrica UkraineInvasion

, a crucial global payments messaging network. They've also pledged to try to stop the central bank from using its more than $600 billion stockpile of reserves to get around sanctions.

Gustavo Medeiros, head of research at Ashmore, said in a note to clients:"The aggressive Russian actions raise the risk of this market becoming uninvestable, due to sanctions or governance/moral reasons, for foreign investors from Western countries." The Bank of Russia on Monday more than doubled interest rates to 20% to try to halt the dramatic plunge to record lows in theThe moves came after the country's stock market suffered a devastating plunge ofYet the central bank could do little to stop a raft of institutions and companies severing ties with Russia, which could ramp up the stress on the country's economic system.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

BISouthAfrica Can't you somehow just send these news to Caucasians only? This is Afrika bra news24.... We've been war with colonisers/ settlers for 5centuries and more 😩😭

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Business Maverick: As BP and Shell Exit Russia, These Companies Still Have TiesThe invasion of Ukraine has prompted oil giant BP Plc and Shell Plc to quit Russia in a historic move that will bring billions of dollars of impairments. Now the pressure is building on others to follow suit.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »