Sberbank shares, Russian stock indices collapse after Ukraine defaults on "Russian debt"

On December 18, Sberbank shares showed a decrease following Ukraine's statement on imposing a moratorium on any payments of the Russian debt, including payment of a $3 billion loan borrowed under Viktor Yanukovych's presidency.

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According to the Moscow Stock Exchange, Sberbank shares fell by 3.6%.

Russia's stock market also reacted to news from Ukraine.

The MICEX index dropped by 2.69% to 1733.01 points.

RTS Index dipped by 3.61% to 766.47 points.

Read alsoUkraine imposes moratorium on Dec 2015 Russian eurobond: YatsenyukAs UNIAN reported earlier, Pursuant to the current legislation and debt liabilities assumed, Ukraine announced a moratorium on any payments of the Russian debt, including payment of $3 billion borrowed under Viktor Yanukovych's presidency and which reaches maturity in December 2015, Ukrainian Prime Minister Arseniy Yatsenyuk said during an extraordinary meeting of the government.

Total debt subject to the moratorium exceeds $3.58 billion.

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