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Full Sanction List: http://money.cnn.com/2014/04/29/news/ru ... ions-list/
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Rhetoric from the Obama administration has promised crippling sector sanctions if Russia did not stop escalating the disruptions in eastern Ukraine and instead convince the separatists to abandon buildings in eastern Ukraine.
For days leading up to the sanctions announcement on Monday the Obama administration has been claiming the Russians violated their Geneva agreement and Russians have been escalating the disruption of eastern Ukraine.
Yet on Monday, the United States and EU delivered more of the almost meaningless individual sanctions against lower ranking Russian officials and only some individuals within some Russian companies. The same type of sanctions that have had little impact on Russian government behavior to date.
The Kiev government had also promised to take back eastern Ukraine by Military forces sent from the parts of Ukraine outside eastern Ukraine. The threat from Kiev was to call Russia's "bluff". Russia's "bluff" being the implied threat to send conventional Russian forces from across eastern Ukrainian's eastern border with Russia to support the eastern Ukrainian seperatists.
After taking just a few rural separatist check points last Thursday, Kiev backed off the threat Kiev made, ( this de-facto stand down by Kiev occurred after Russia announced and conducted combined arms exercises, with thousands of troops, just a few hundred yards outside the eastern border of eastern Ukraine. ).
http://www.businessweek.com/news/2014-0 ... -overnightBloomberg Business Weekly on Tuesday, April 29th, 2014 wrote:
No major equity market in the world rallied more than Russia’s yesterday, underscoring how the latest round of international sanctions against the country proved weaker than many investors anticipated.
The RTS Index (RTSI$) advanced as much as 2.1 percent yesterday, its first gain in six sessions, as the limited scope of the measures added to speculation that the U.S. and European Union are hesitant to deepen the standoff with President Vladimir Putin after his military incursion into neighboring Ukraine last month. That reluctance is a signal to buy the cheapest shares in the stock market in the developing world, according to Sberbank Asset Management and Prosperity Capital.
“The market had priced in the worst sanctions possible and those fears failed to materialize,” Anton Rakhmanov, who manages $5 billion in assets as the head of Sberbank Asset Management in Moscow, said in a telephone interview yesterday. “It’s a good time to buy. If the Ukraine crisis doesn’t escalate, then the Russian market has made it through the bottom.”
The RTS, a dollar-denominated gauge of Russian stocks, ended yesterday 1.8 percent higher and gained 1.8 percent to 1,159.56 by 11:37 a.m. in Moscow. The RTS Volatility Index, which measures expected swings in futures, sank 6.3 percent to 38.37 today.
A Bloomberg index of the most-traded Russian companies in the U.S. climbed 1.9 percent yesterday, led by OAO Sberbank (SBRCY:US), and the ruble added 0.6 percent versus the dollar.
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