Russian stock markets fell following the news that Turkey had shot down a Russian warplane near the Syrian border.
The RTS index tumbled by as much as four
percent, prompted by Gazprom which reportedly relies on Turkey for
around a sixth of its natural gas exports outside the Commonwealth of
Independent States.
Most stocks fell on the benchmark Micex Index in Moscow and the bond market also saw sell-offs.
There are fears that an escalation of tension in the region may threaten trade relations.
But one analyst said a complete breakdown of ties was in neither side’s interest.
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Source: Euronews
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