The Russian market is under additional pressure from a proposal by two US congressmen to impose further sanctions on Russia over the poisoning of ex-spy Sergei Skripal and his daughter in Britain - allegations Moscow denies. “There have indeed been strong negative trends on the market,” Peskov told a conference call with reporters. “Partly that is to do with market trends, partly it’s to do with the emotional fallout (from the sanctions). Economy Minister Maxim Oreshkin said the floating ruble rate was helping to offset a possible negative effect on the Russian economy. Glencore also said that Ivan Glasenberg, its chief executive, had resigned from his position as a director of Rusal.

Source: bd News24 April 10, 2018 11:37 UTC