Russian ADRs Post Monthly Decline on Ukraine Outlook - Bloomberg:
"Russian stocks posted a second straight monthly decline in New York amid speculation the Ukraine crisis may escalate and as the central bank’s interest-rate increase failed to stem the ruble’s decline.
Oil producer OAO Surgutneftegas (SGTPY) ended a six-day advance, erasing its gain for the month as Brent crude fell. The Bloomberg Russia-US Equity Index dropped 4.4 percent in October to 75.37. The ruble weakened 7.7 percent, the most among emerging-market currencies, even after Russia’s central bank increased its benchmark interest rate more than forecast by economists.
The index of U.S.-traded Russian stocks dropped in October amid wide price swings as traders reacted to developments in Ukraine. The gauge’s 90-day historical volatility rose to a two-month high of 22 percent last week. The U.S. and the European Union have imposed sanctions to punish President Vladimir Putin for instigating the rebellion in the former Soviet republic, a claim he denies. Russia’s foreign minister said last week that the country will recognize separatist elections."
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