Russian equities will extend their biggest decline in two weeks on concern the U.S. and Europe will impose more sanctions amid escalating tensions in Ukraine, Bank of America Corp. and OAO Sberbank said. The Bloomberg index of the biggest Russian stocks traded in New York fell 3 percent yesterday, the most since March 20, the day U.S. President Barack Obama imposed financial sanctions on Russian officials, including billionaires close to President Vladimir Putin.
Bloomberg Businessweek: BofA sees selloff deepening on Ukraine crisis
\u201cBoth uncertainty and risk have now increased,\u201d says Anton Rakhmanov, who manages $5 billion in assets as the head of Sberbank Asset Management in Moscow.
