MOSCOW—Russian officials and companies were bracing for further economic pain Thursday, as the U.S. decision to punish the Kremlin for an alleged nerve-agent attack in the U.K. diminished hopes of a bilateral thaw.
The ruble registered the steepest daily decline in almost two years, losing as much as 5% against the dollar since the State Department said Wednesday it would impose new sanctions on Russia later this month over the incident. Russian blue-chip stocks plunged as much as 9%, led by state banks and national airline...
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