Last updated: March 14, 2014 7:57 pm
[h=1]Russian companies withdraw billions from west, say Moscow bankers[/h]
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Yields on Russia’s 10-year government bonds rose close to 9.7 per cent on Friday, compared with less than 8 per cent in January. The rouble hit 36.7 to the dollar, near to its weakest rate on record.
It also emerged on Friday that Russia’s top 10 billionaires, led by Alisher Usmanov, had lost a combined $6.6bn of their net worth over the past week, according to research firm Wealth-X. Russian equities, which showed more weakness on Friday, have lost 20 per cent of their value since the start of the year.
https://www.ft.com/intl/cms/s/0/ffea2660-ab9e-11e3-aad9-00144feab7de.html#axzz2vykjKUGo
[h=1]Russian companies withdraw billions from west, say Moscow bankers[/h]
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. https://www.ft.com/cms/s/0/ffea2660-ab9e-11e3-aad9-00144feab7de.html#ixzz2vylqaHvl
Yields on Russia’s 10-year government bonds rose close to 9.7 per cent on Friday, compared with less than 8 per cent in January. The rouble hit 36.7 to the dollar, near to its weakest rate on record.
It also emerged on Friday that Russia’s top 10 billionaires, led by Alisher Usmanov, had lost a combined $6.6bn of their net worth over the past week, according to research firm Wealth-X. Russian equities, which showed more weakness on Friday, have lost 20 per cent of their value since the start of the year.
https://www.ft.com/intl/cms/s/0/ffea2660-ab9e-11e3-aad9-00144feab7de.html#axzz2vykjKUGo