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Significance

Sanctions announced by the US Treasury on April 6 have had a deeper effect than Moscow probably anticipated. The impact has been hardest on Oleg Deripaska's group of companies including Rusal and its owner En+, whose share prices have plummeted in Russia and abroad.

Impacts

The non-appearance of new sanctions flagged up for April 16 is likely to be only a postponement.

The ruble will weaken but will be buffered by higher oil prices.

A Russian ban on US medicine imports could hurt healthcare services.

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