Russian equity slumps most in 4 months on Cyprus problems

Source: Bloomberg
The RTS Index decreased by 3.1% to 1,490.08 points in the beginning of Moscow trading session on Monday. Russian stocks dropped the most since November, as investors were concerned about companies' and banks' money deposited in Cyprus financial institutions and how they will be affected by a new levy on deposits. According to the Moody's Investors Service estimation, Russia is placed $31 billion in Cyprus banks.
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