Venezuela Horror Is Warning for Russian Traders After Sanctions

Investors in Russian assets can look to Venezuela for an idea of what may be in store for them after the Trump administration levied sanctions against some of the country’s richest men.

If Venezuela’s experience serves as a guide, the impact could stretch on for a while as companies confront the fallout from restrictions on international banking, communications and even the currencies they use for business. The move to impose penalties hit Russia’s stock and bond markets hard Monday, with an index of corporate notes sinking the most in three months as securities with ties to the penalized individuals took a nosedive.