Free Trial

EU's Navalny Sanctions Move Ahead - Russian Markets Unphased

RUSSIA
  • EU sanctions on those involved in Navalny case likely to be put in place tomorrow
  • possible targets:
  • Russian prosecutor general Igor Krasnov
  • head of the penitentiary service, Alexander Kalashnikov
  • director of the National Guard, Viktor Solotov
  • Individuals face EU entry bans and asset freezes under the bloc's new human rights sanctions tool
  • Russia Deputy Foreign Min Grushko: "There will be a reaction from our side. The EU continues to go down an illegitimate path, this is an absolute dead end"
Markets still seeing these sanctions headline risks as opportunities to fade rallies in USD/RUB as the concerns are completely overblown with limited market impact - as noted by today's non-reaction to the EU sanctions headline
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.