FT: the Reaction of financial markets says the ineffectiveness of sanctions of the West against Russia

The reaction of financial markets proves the ineffectiveness of sanctions of the West against Russia, says British print edition of the financial times.
Stock MICEX index finished the week " presumably in the same place and started ", magazine quoted by ITAR-TASS. Bond markets, " it seems, also welcomed the news (about sectoral sanctions measures EU) coolly, " because despite the increase in the cost of borrowing for the Russian government, it is " below the peaks for the last year ", pointed print edition." This is not what is planned in Western policy Manager when Barack Obama made a promise that reinforced (sanctions) measures will be the most painful, " declared the journal, stressing that, in General, " punishment is not shifted rates on the financial markets. Bidders explain that now there is the usual movement: there are those who get rid of the securities, and those who enter the market of the Russian Federation or are preparing to do so." most investors see opportunities for acquiring, and others - for-sale ", said in this connection the head of emerging markets Rogge Global Michael Ganske. The EU since 1 August 2014 introduced sectoral punishment on the Russian financial sector. Five Russian banks have come under limits: Sberbank, VTB, Gazprombank, VNESHECONOMBANK and Rosselkhozbank. However, the EU brought out from under sanctions " dochek " Russian state-owned banks, with account of the EU. On Wednesday, the EU Council approved the inclusion of additional eight people and three organizations in the updated blacklist for Russia and Ukraine, thus, total number of participants this list has grown to 95 people and 23 of legal entities.

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sections: Politics