\u2018\u2018Even if sanctions are curbed, the market outlook is still negative since for strong growth we need positive economic news while the economy is on the brink of a recession,'' said Andrey Vashevnik, Chief investment officer at R&B Investment Fund Ltd. in Moscow.
Photo by AFP
Russian stocks trimmed quarterly declines as AFK Sistema rebounded from a slump that wiped a quarter off its market value.