Yukos storm hits rouble

But they were unsure on the extent of the future impact on the market as the motivations for the arrest remain unclear.

"There is volatility in the market as it tries to price the risk," said David Lubin, senior emerging markets economist at HSBC in London. But this is made more difficult "as we still don’t really know the Kremlin’s motivation."

Yukos shares fell by 15% on October 27 following the arrest, and the benchmark RTS index was down 20% by Thursday October 30. The rouble, which had

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: