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Russian stocks, ruble take hit on uncertainty over US sanctions

Russian stocks, ruble take hit on uncertainty over US sanctions

Newly announced U.S. sanctions—and the potential for a second round of actions in 90 days—roiled Russia’s currency and blue-chip stocks as the country braced for further economic pain amid uncertainties over the Trump administration’s commitment to enforcement.

In Washington, the administration remained notably silent on the action and offered few details on the severity of the prospective punishments.

A spokesman for President Vladimir Putin of Russia struck a cautious tone and said Moscow remained committed to building “constructive relations with the U.S.” and wouldn’t draft countermeasures before learning the full details.

As a volatile day unfolded in Moscow, response from Washington was muted.

Trump made no public comments on the matter, and communications aides referred all questions to the State Department, which said the U.S. still sought improved ties with Moscow.

Source: www.foxnews.com
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