Economics
Sberbank Leads Stocks Lower on Ukraine: Russia Overnight
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OAO Sberbank, the state-run lender targeted by international sanctions, dropped to a record low as Russian stocks tumbled in U.S. trading on concern a flareup in the Ukraine conflict will trigger additional measures.
Volatility in the Bloomberg Russia-US Equity Index jumped to the highest level in three months as the gauge sank 3.4 percent. Sberbank retreated for a fifth day. The biggest exchange-traded fund tracking the country’s stocks fell to the lowest since July 2009.