Russia stocks fall after US vows further sanctions; Rusal slumps to record lows

On Saturday, the U.S., U.K. along with France launched more than 100 missiles targeting Syrian government sites in response to a suspected poison gas attack on April 7. The joint missile strikes prompted Russian President Vladimir Putin to warn Western powers that will further attacks on the war-torn country could bring chaos to world affairs.

Putin’s comments followed reports that will Washington is usually poised to improve pressure on Moscow with fresh economic sanctions on Monday. The U.S. administration is usually anticipated to try to punish Russia for propping up the ailing regime of Syrian President Bashar Assad.

Damascus along with Moscow have both denied any involvement inside suspected poison gas attack which killed dozens of people inside Syrian town of Douma on April 7.

Last week, fresh measures coming from President Donald Trump’s administration against Russian tycoons along with businesses triggered a sell-off inside ruble along with sent stocks cascading lower. Tensions between Washington along with Moscow were then ratcheted higher as Trump warned the Kremlin to “get ready” for missile strikes in Syria.

The U.S. Treasury said sanctions imposed on April 6 were linked to Moscow’s actions in Crimea, Ukraine along with Syria. that will same announcement prompted shares of Rusal to tank over 50 percent last Monday.

European equity markets are particularly sensitive to movements in Russian equities because several of its companies have operations based there.

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