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RUB Pauses As Kremlin Takes Hardline Stance on Navalny

RUSSIA

Kremlin on Navalny:

  • RUSSIA WILL IGNORE WESTERN APPEALS FOR NAVALNY RELEASE
  • NAVALNY CALL FOR PROTESTS MAY BE VIOLATION OF LAW: KREMLIN
  • Navalny case is starting to build into a more comprehensive international dilemma, with EU/US sanctions risk escalating as the narrative develops.
  • Kremlin is unlikely to bow to any form of Western influence and seems dead set on 3.5 years imprisonment (although some seem to believe western pressure will result in a shorter term)
  • RUB is becoming increasingly sensitive to Navalny headlines and will need to be monitored closely going forward
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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