Moscow markets fall after Russian Christmas break

January 11, 2016 10:16 AM

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Moscow markets fall after Russian Christmas break

Prices continued their downward trajectory on Monday as a slowdown in China continued to rattle investors and dented the outlook for demand amid a continuing glut in supply.

Falling oil prices will only serve to hurt Russia further. It is a major oil producer and relies on the revenues from its oil exports. Coupled with international sanctions on Russia for its annexation of Crimea in March 2014, and role in a pro-Russian uprising in east Ukraine, that prompted capital ...

Also read: Glencore Cements Russian Connections With Rosneft Deal

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