Russian Shares Drop

Russian Shares Drop.

With worries over sanctions in Ukraine, Russian shares fell sharply. As the EU leaders meet in Brussels to discuss the possibility of tougher sanctions in Russia if more action is taken.

Amongst the sanctions there are possibilities of Russia’s key sectors being affected. The sectors that could be hit are thedefence and mining sectors.

Russia is already being hit with tight sanctions for the countries high ranking officials, with visa bans and assets frozen.

The financial sectors in Russia are under heavy strain as Visa and Mastercard stop providing services to the countries banks following the sanctions. The two firms did not provide notification to Russian banks before doing so and as a result bank Rossiya has stopped payment transactions for its customers.