BofA Sees Russia Stock Rout Deepening on Ukraine Crisis

Russian equities will extend their biggest decline in two weeks on concern the U.S. and Europe will impose more sanctions amid escalating tensions in Ukraine, Bank of America Corp. and OAO Sberbank said.

The Bloomberg index of the biggest Russian stocks traded in New York fell 3 percent yesterday, the most since March 20, the day U.S. President Barack Obama imposed financial sanctions on Russian officials, including billionaires close to President Vladimir Putin. The measure’s slide halted three straight weeks of gains amid speculation Russia won’t seek further territory after annexing Crimea from Ukraine.