Russia FX Beat - March 30, 2018
The Russian government yesterday announced that it would expel 150 diplomats (60 American ones) and order the closure of the US consulate in St Petersburg in response to the coordinated expulsion of 150 Russian diplomats in some 27 countries after the Skripal poisoning. This reciprocal response can be seen as neutral to even slightly positive for the market backdrop, as investors had been wary of asymmetrical measures. Still, the broader story around the Skripals is of course broadly negative for Russian financial assets.
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