Russia's Novatek shares fall 12 pct over U.S. sanctions

by Reuters
Friday, 21 March 2014 08:43 GMT

MOSCOW, March 21 (Reuters) - Shares in Russia's top non-state natural gas producer Novatek fell by 12 percent on Friday after the United States announced sanctions against Russian officials and businessmen because of the situation in Ukraine.

The company is part-owned by Gennady Timchenko, a shareholder of Bank Rossiya and one of the wealthy businessmen who has been sanctioned because of alleged links with Russian President Vladimir Putin. (Reporting by Vladimir Soldatkin)

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