Last year, the Russian stock exchange was among the best performers in the world. Oil prices were rising and the economy was starting to emerge from recession. Despite two years of western sanctions over Moscow’s military intervention in Ukraine, the market seemed to be coming back to life. There were even some initial public offerings.
Financial Times: US sanctions bill dashes investor hopes for Russia
View of the Nord Stream gas pipeline terminal prior to an inaugural ceremony for the first of Nord Stream's twin 1,224 kilometre gas pipeline through the baltic sea, in Lubmin, Nov. 8, 2011.
