NEWSWATCH: “Russia in interesting times: increased risk bad; weaker ruble good” – bne Intellinews/Chris Weafer

Portion of U.S. Treasury Department Building Facade, North Side, with Sculpture of Alexander Hamilton

“… April 6 U.S. sanctions [represent a significant shift] in terms of risk … actual and perceived, for foreign investors and companies …. The … Treasury Department … expanded the risk paramaters … targeting oligarchs and their business interests … previously it was assumed that sanctions expansion would be confined to political targets and individuals considered close to the president and … Kremlin elite. … Treasury … miscalculated the impact on global metals markets by adding Rusal, and is now looking to walk that back … [but] any future sanctions could include oligarchs and businesses, albeit less likely those with a meaningful presence in an important global industry. …”

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