The Moscow stock market and the rouble have tumbled by the most since Russia invaded Ukraine and seized Crimea, but VTB, the state-owned banking giant, reckons that the latest raft of US sanctions are "insignificant"....MORE
We deem the direct macro impact of this latest batch of measures as insignificant, and see them as deliberately designed in such a manner as to produce the maximum media effect with minimal economic cost for either side....
Markets around the world are down but in more cheerful news:
