US sanctions are killing Russian markets — and things could get a lot worse

pulse

April 10, 2018 6:36 PM

Russian markets are hurting after US slapped sanctions on dozens of the country's individuals and entities last week, and some think the worst is yet to come.

Tensions are escalating between the US and Russia.
The US imposed another wave of sanctions on dozens of Russian officials, oligarchs, and companies.
Those sanctions have roiled Russian markets, and some think things could get a lot worse.

It's been a disastrous week for Russian markets — a

"Russia-US relations are at a recent low point and developments set the stage for additional deterioration," they wrote. "Souring relations with the US and more broadly with the West, may lead to a larger slowdown in the Russian economy over the coming years than we currently anticipate."

The sanctions target 17 Russian government officials, seven oligarchs with ties to the Kremlin, and the state-owned arms exporter

Earlier this year, the Treasury Department drafted a report to assess the impact of sanctioning Russian government bonds.

pulse