Russia Stocks Drop to Month Low as Gazprom Retreats on Ukraine
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Russian stocks fell to the lowest level in more than a month as OAO Gazprom retreated after a report Ukraine’s state-run energy company halted purchases from the natural-gas exporter.
The Micex Index declined 0.4 percent to 1,483.46 by the close in Moscow, the lowest since Oct. 7, after dropping 1.7 percent last week. Of 50 stocks, 30 retreated, 19 rose and one was little changed. Gazprom, which has the biggest weighting on the Micex, lost 1.8 percent to 144.81 rubles. The shares fell