Why Russia’s market is rising after sanctions Bill approval

July 27, 2017

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The US House has approved a bill hardening sanctions against Russia, but European resistance to some of its toughest new measures means the impact on companies will be muted, according to Goldman Sachs Group and Deutsche Bank.

As it stands now, the most negative aspect of the bill for Russia, according to analysts, is that US President Donald Trump can no longer ease or revoke the sanctions unilaterally, a possibility that boosted appetite for Russian assets after his election last year.

Category: General