Abramovich arrested in the US?

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Exactly what investor sentiment towards Russia ( RSX , quote ) didn't need.

[caption id="attachment_62773" align="alignright" width="300" caption="Sentiment towards Moscow keeps getting worse"] Image courtesy Andrey: http://www.everystockphoto.com/photographer.php?photographer_id=2510 [/caption]

As well, there was speculation this morning that Russia may freeze German assets in Russian banks (unconfirmed) in retaliation for the treatment of Russian assets in Cypriot banks.

And tit for tat begins. The news of the American arrest of famed Russian oligarch Roman Abramovich, if coordinated, is also very bad news, whether warranted or not. BAML downgraded Russia to neutral today, even before all this hit the tape, as the firm feels that sentiment is not going to improve in the near term.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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