Viktor Vekselberg

Russian stocks, ruble and oligarchs' wealth all take a hit in wake of U.S. sanctions

Russian stocks, ruble and oligarchs' wealth all take a hit in wake of U.S. sanctions

Russia began to feel the pinch from the latest round of U.S. sanctions Monday as the ruble dropped nearly 2% against the dollar and stocks took their biggest drop since the world reacted to Moscow’s annexation of Crimea.

Russia’s top stock indexes, Mossbirge and the RTS, dropped by 9% and almost 11%, respectively, and the Russian ruble was trading at its lowest since November.

The U.S. Treasury Department placed a new round of sanctions on seven Russian oligarchs,12 companies they either own or control, and 17 senior Kremlin officials. The sanctions, which were announced...

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