020 7898 0500The rouble suffered the largest losses worldwide on Tuesday as major companies like Gazprom saw their share price fall by over 6% yesterday. However, Russia enjoyed a change of fortune yesterday and gained 1.2% against sterling to make up some of the early week losses. Trouble does remain on the horizon though, as it has been revealed that there is to be no freeze plan for production on the agenda at the Organisation of the Petroleum Exporting Countries (OPEC) June meeting, due to the improving crude price, which hit $48.50 a barrel last week.
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