Turkish authorities impose media ban on coverage of Istanbul explosionWorld December 11, 3:01
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Russian indices are under pressure of Thursday’s announcement of new companies on EU black sanction list, including Sberbank, VTB, Gazprombank, VEB and Russian Agricultural Bank. European residents are now prohibited from providing the sanctioned companies with medium-and long-term lending, while market players hoped the restrictions would not affect at least Sberbank.
Sectoral anti-Russian sanctions the West adopted in the first stage of third phase, including restrictions of capital migration, have increased the risk of Russian stocks exclusion from some stock indices, said chief analyst at Promsvyazbank research division Oleg Shagov.
The negative backdrop and strong bear sentiment abroad for fear of Argentina’s default and amid weak corporate reports give no reasons for optimism either.
“US indices dropped by an average of 2%, futures are traded above Thursday closing levels. European indices slipped, while Asians are traded mixed,” said IF Olma analyst Ruslan Yunusov.
SOLLERS stocks opened best (1.16%) and Mechel preferreds (0.67%). Sberbank common and preferred stocks underperform (0.84 and 1.18% respectively) as well as VTB (1.18%).