07/17/14 10:20 New Western sanctions have caused a sharp decline - TopicsExpress



          

07/17/14 10:20 New Western sanctions have caused a sharp decline in the prices of Russian stocks and ruble depreciation Trading on the Russian stock market began to fall leading stock indexes. As of 10:05 MSK MICEX index dropped by 2.48% - to 1438.14 points. RTS index fell to 1305.13 points, down 3.36% below the level of the previous trading day passes Tsenzor.NET citing RBC . Stronger than others to 10:15 MSK fell Gazprom shares (-2.65%), Rosneft (-5.57%), VTB (-4.5%), LUKOIL (-3.11%), Novatek (-6.77%) and other large companies. Quotes reduction analysts explain negative external background and, in particular, the decision of the U.S. authorities on the introduction of new sanctions against Russia, aimed, inter alia, against companies such as Rosneft and Vnesheconombank. Chief analyst of Pallada Asset Management Eugene Kanahina believes that the imposition of sanctions Russian market was the strongest since the spring hit. The risk premium increases investments, restrictions on access to external financial resources adversely affect the activity of large Russian companies. Anyway, in order to adapt to the new financial realities, companies will need time and uncertainty always negatively valued by the market. Do not forget Companies affiliated with Gazprombank, VEB, Novatek and Rosneft, which, according to American law, also subject to a ban on funding. As it happened in the spring, in the next few days may emerge unexpected problems, - said Kanahina. See also: European Council Conclusions on Ukraine. Full text Trading session on the Russian MICEX currency market opened on July 17, 2014. depreciation of the national currency of the Russian Federation in relation to the dollar, the euro and the currency basket (0.55 dollars and 0.45 euros). Dollar settlements tomorrow at 10:05 MSK was 34.73 rub. / Usd. That 34.25 kopecks. higher than the previous trading day. Minimum transaction dollar committed at 34.65 rub. / Usd., Maximum - 34.797 rubles. / Usd. Euro exchange rate calculations tomorrow at 10:05 MSK was 46.976 rubles. / Euro, up 46.7 kopecks. higher than the previous trading day. Minimum transaction committed euro at 46.9005 rubles. / Euro, the maximum - 47.009 rubles. / Euro. Value of the basket of the Bank of Russia as of 10:05 MSK was 40.2391 rubles., Which is 39.69 kopecks. higher than the previous trading day. Read the Tsenzor.NET: Nemtsov because of new U.S. sanctions predicts chaos in Russia The ruble remains under moderate external pressure; among the main negative factors: Russian-Ukrainian relations, anticipation of new European sanctions and U.S. sanctions against particular sectors. This is not new for the ruble, and in the meantime there is fresh information. Specifically on that the EU can stop funding a number of Russian projects implemented in cooperation with the EBRD. Part measures, despite the opposition of France and Germany, would affect projects with financial participation of EIB. other words, all voiced by the current moment activities are financial in nature, and this has a negative affects rubles, - said a senior analyst Alpari Anna Bodrov. On the eve of the U.S. government tightened sanctions against Russia. In the sanctions list SDN (Specially Designated Nationals) U.S. Treasury included virtually all major Russian defense enterprises. Among them - concern Kalashnikov Corporation Uralvagonzavod state defense concern Almaz-Antey, NGO Basalt belongs to the corporation Rosteh JSC Concern Radio-electronic technology (KRET) Concern Constellation , NGOs Engineering, Inc. Instrument Design Bureau. See also: The U.S. imposed new sanctions against Russia - the list contains Vnesheconombank, Rosneft, Gazprombank Assets of companies that are listed in the SDN, are blocked. U.S. citizens and persons is prohibited to conduct any business and transactions with them. JSC Gazprombank, Novatek, Rosnfet Vnesheconombank and included in the list of sectoral sanctions SSI (Sectoral Sanctions Identifications) U.S. Office of Foreign Assets Control (Office of Foreign Assets Control (OFAC)). The assets of these companies are not under U.S. jurisdiction are frozen, unlike the traditional list of SDN. But VEB, Gazprombank, Rosneft and Novatek will not have access to medium and long-term financing in dollars. American companies are also prohibited from dealing in stocks VEB and Gazprombank issued after July 16, 2014., Including depositary receipts. But this limitation does not apply to Rosneft and Novatek, which just is GDR and ADR, traded on Western markets. U.S. investors can trade both existing and future shares of Rosneft and Novatek. See also: European Union, after the U.S., introduces new sanctions against the aggressor Russia As follows from the explanations of the U.S. Treasury, U.S. banks are also allowed to participate in the placement of bonds Vnesheconombank, Gazprombank, Rosneft and Novatek. Earlier, the organizers of Eurobond issues these companies were American Citigroup, JP Morgan, Goldman Sachs, Bank of America, Morgan Stanley. All restrictions and transferred to the companies in which VEB, Gazprombank, Rosneft and Novatek owns 50% or more. Источник: censor.net.ua/n294122 Источник: censor.net.ua/n294122
Posted on: Thu, 17 Jul 2014 08:49:56 +0000

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