"Russian banks and oil companies were among the hardest hit in volatile trading, with shares in Sberbank (SBRCY) — Russia's largest lender — losing 43% of their value. Rosneft, in which BP (BP) owns a 19.75% stake, also shed 43%.
Russia's central bank said in a statement that it had instructed brokers to suspend short sales "given the current situation in the financial market and to protect the rights and legitimate interests of investors." "
LOL... I suppose in "normal times", the "rights and legitimate interests of investors" don't really warrant "protection"..??!!
I wonder how many stocks Putin and his mates will be buying up in their shopping spree..?
..Cui Bono??
AKE Price at posting:
$9.10 Sentiment: Buy Disclosure: Held
