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Episode details

World Service,09 Apr 2018,26 mins

Russian Markets Hit by US Sanctions

World Business Report

Available for over a year

Markets in Moscow have fallen sharply after the latest sanctions announced by the US. Aluminium giant Rusal is among the worst affected, losing more than 40% of its value. We hear from Chris Weafer of Macro-Advisory Ltd, which advises companies on doing business in Russia. The sanctions are part of moves against officials and businessmen the Americans describe as oligarchs, all linked to President Putin. Eric Reguly is European bureau chief for Canada's Globe and Mail and has met Rusal's president Oleg Deripaska on several occasions. He gave us his impressions of the billionaire businessman. In Hungary, Viktor Orban has been re-elected as Prime Minister, with a strong turnout for his right-wing Fidesz party. So what next for the direction of the government? A question for Gyorgy Schopflin, an MEP with the ruling Fidesz party. Ride hailing app Uber has decided to enter the world of bicycle hire - Carlton Reid, the executive editor of BikeBiz.com tells us why he thinks this is a good move for Uber. Will Britain be successful in striking a Brexit trade deal along similar lines to Iceland, Liechtenstein and Norway? The BBC’s business editor Simon Jack offers his assessment. And British computer game Grand Theft Auto has made more money than any book, film, record or video game ever released. We ask James Batchelor, UK editor of the site GamesIndustry.biz about the secret to its success. (Photo: The skyline of the Moscow city centre. Credit: Francois Xavier Marit/AFP/Getty Images)

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