Russia Stocks Decline on Ukraine Woes as Commodity Shares Drop
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Russian stocks declined as investors speculated tensions will escalate in Ukraine and commodity producers retreated after Chinese exports plummeted.
The Micex Index dropped 0.7 percent to 1,330.06 in Moscow. United Co. Rusal, the world’s biggest aluminum producer, slipped 4.4 percent to 118.64 rubles. Steelmaker OAO Severstal retreated 1.5 percent to 276.40 rubles.