"Having attracted less interest from investors in the good times, Russia has made fewer headlines in the recent emerging markets turmoil than its fellow Brics – Brazil, India and China.
But its currency, bond and equity markets have suffered quite badly in the sell-off triggered by the US Fed’s plans to end quantitative easing. And sharp falls on Thursday prompted by a sudden sell-off in crude raise questions about Moscow’s ability to keep Russia’s flagging oil-fuelled economy moving in the coming months.
The rouble fell by 1.5 per cent on Thursday against the dollar and the RTS $-denominated stock index by 3.75 per cent. The yield on Russia’s eurobonds due March 2030 jumped 49 basis points to 4.16 per cent on Thursday, the highest level in more than a year."
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