Around the World's Markets: Moscow

Click to follow
The Independent Online
STOCKS and bonds plunged and the central bank halted sales of dollars to banks after the government unveiled a plan that forces investors to accept huge losses on government debt totalling 250bn roubles.

The benchmark RTS index fell 13.8 per cent to 76.26. Russia's dollar- denominated Eurobonds maturing 2001 also slumped: they now yield 57 percentage points more than US Treasury bonds of comparable maturities.