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Eastern Europe caught in Russian downdraft

  • 2014-08-06
  • From wire report
VILNIUS - Investors are punishing many former Soviet bloc nations for their ties to Russia even as these countries, now European Union members, support sanctions on President Vladimir Putin for his actions in Ukraine, reports Bloomberg.After the ruble, currencies from Eastern Europe accounted for five of the six worst-performing emerging-market exchange rates in July, led by Hungary’s forint and Romania’s leu. Stock indexes in Bulgaria, the Czech Republic and Hungary joined Russia’s among the 10 biggest declining markets in the world last month.All but one of the ...
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