Qiwi Plc ADS (QIWI): US sanctions on Russia and Russian oliga...

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Re: None

Monday, 04/09/2018 10:57:55 AM

Monday, April 09, 2018 10:57:55 AM

US sanctions on Russia and Russian oligarchs seem to be the source of the drawdown right now. Here are a couple of lines cherry picked from Zerohedge

"Toxic Assets": Ruble Crashes, Russian Stocks Plunge Most In 4 Years After US Sanctions

"We haven’t seen such a united, mass retreat from Russian assets for a long time. The situation is ever more reminiscent of 2014.

Cryptos Crash As Russian Sanctions Ripple Through Markets.

Despite news that more ultra-elite family wealth (Rockefellers) is being aimed at cryptocurrencies, it seems the US sanctions against Russian oligarchs has created some anxiety in the space with Ethereum and Bitcoin plunging.

Likely (hopefully) a sympathy sell-off and a buying opportunity more than anything but time will tell. The people who truly run this country, our own oligarchs, seem intent on really pissing Russia off and have for a couple of years now. To what end I can only wonder.

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