NEWSLINK Forbes: Here’s How Much Russian Stock Values Have Eroded Since Sanctions

For Russia investors, timing was everything.  Those who bought on the bad news of last summer were hit with more bad news come the end of summer when the U.S. sanctioned Gazprom, Rosneft and Lukoil. Then the Russian Central Bank went into panic mode and raised interest rates to save the ruble. The market sensed that the bank was getting nervous. It sure looked that way. They raised rates three times, by over 200 basis points in less than two weeks.  The ruble rose over 70 to 1, a historic low. That was the true bottom. At least for now.

http://www.forbes.com/sites/kenrapoza/2015/04/21/heres-how-much-russian-stock-values-have-eroded-since-sanctions/