Tue, 22 Jul 2014 10:45:10 GMT
Micex loses $28 billion during worldwide bull market
With continued involvement in Ukraine the Russian financial markets are taking a beating. Since the late February intervention in Crimea Micex has lost around $28 billion in value, which is about 4.2%. This and the distress in Russia's bond market takes place during the time of exuberant demand in other markets, such as in the US and India.